Construction Bridge Loans:
This loan program provides funds to finish construction on a single family, multi-family or commercial property.

Lending Criteria & Scenarios:

  • We will lend up to 70% LTV of the combined cost of the land and construction, not to exceed 60% ARV.  Funds Control required on construction funds.
  • If borrower owns the land, we will lend up to 25% of the land value and 70% of the construction cost, not to exceed 60% ARV.  Funds Control required on construction funds.
  • If a current conventional loan is maturing
  • The project needs additional funds to complete
  • Loan amounts from $50k – $2.5M+
  • Max 65% on new and/or existing home
  • Short-Term Bridge (12 months or less, Interest only)
  • Rates from 9.99% – 2nd’s from 11.75%

Why Mortgage Vintage?

  • Same Day Term Sheets – Professional Service
  • Easy Loan Submission, Quick Turnaround, 3-7 Day Funding
  • Fast, Flexible and Transparent Loan Process
  • Over 30 years Financial Industry Experience
  • Funding Based on Committed Terms
  • Surety of funding through CrowdTrustDeed’s simple and secure online marketplace
  • Se Habla Español

 

Contact:
Sandy MacDougall – (949) 632-6145 – sandy@mortgagevintage.com