Bridge Program
Need a little more time? NuBridge's Bridge Program offers additional flexibility for those who do not yet qualify for traditional financing, giving the borrower time to obtain permanent financing.
Bridge Loan Program Summary
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LOAN AMOUNT
Up to $5,000,000
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LOAN PURPOSE
Purchase, Refinance
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PROPERTY TYPES
Multifamily, Mixed-Use, Office, Light Industrial, Mobile Home Parks, Self-Storage, Warehouse, Retail - value add opportunities
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LOAN TO VALUE
Max 70% of stabilized underwritten value
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INITIAL ADVANCE
Limited to 70% maximum of present valuation
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CREDIT SCORE
Credit score will be utilized to determine advance LTVs and pricing
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OCCUPANCY
Investor and O/O
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TERM
12, 18 or 24 months
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IMPOUNDS
Generally not required
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RECOURSE
Recourse may facilitate higher LTV - better pricing
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SPONSOR
Must have established track record of repositioning or managing commercial real estate, and verifiable liquidity
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LOCATION
Nationwide (except ND & SD)
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LOAN COST
2.00% Origination Fee + $5,000 Loan Documentation Fee
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LOAN AMOUNT
©2022 NuBridge Commercial Lending LLC. All rights reserved. Information is intended for Mortgage Professionals only and not intended for consumer use as defined by Section 1026.2 of Regulation Z, which implements the Truth-In-Lending Act. Distribution to the general public is prohibited. NuBridge Commercial Lending broker approval required prior to funding. CA loans made or arranged pursuant to a California Finance Lenders Law license, License #60DBO-124290. Lending not available in the following states: ND, SD. Other conditions may apply.