We offer Bridge Loans in TX & CA for Commercial and Residential Properties. LTV's up to 60% ( 65% Case by Case ), Up to 70% LTV's on residential rehabs and purchase loans in Texas. Land loans available up to 40%, here guidelines for California & Texas
California Private Bridge Loans Interest Rates: Less than 10% LTV: 60% (65% in some cases) Lien Position: 1st Trust Deeds Only Commitment Fees: None Loan Amounts: $200,000 up to $10,000,000 Loan Term: 12 months w/ Extensions Geography: California Real Estate Only Documentation: No appraisals or tax returns most of the time Underwriting Times: 24—48 hours Closing Times: As little as 7 to 14 days Property Types Multi-Family Office Retail Industrial Hospitality Non-Owner Residential
CA Bridge
Rate as low a 8 % Points: 4 to 5 Commercial & Residential - Prime Properties Only! Up to $750,000 Loan Amount Los Angeles, CA - Orange County, CA Only
Rates from 11% to 12% Points: 5 to 6 Commercial & Residential Loan Amounts: $500,000 to 20,000,000 California Only
Rate: 10% Points: 3 to 4 Commercial & Residential Loan Max: $1.5M - Ideal $200,000 to $500,000 Southern California
Texas Hard Money Bridge Loan Guidelins
Max LTV: 65% (60% preferred)
Max CLTV: 85% with 3rd party subordinated 2nd lien. 90% CLTV, case by case.
Amortization: Interest Only
Term: Up to 5 years
Pre-pay penalty: None
Rate: 8.95 – 17%, variable and fixed available
Points: 3 – 8
Markets: Texas only: Major markets and select sub markets
Property: Most all income producing, stabilized, multi-tenanted properties. (Minimum 75% occupied, but exceptions can be made). Single tenanted, on a case-by-case basis.
Loan Amounts: $125K - $4MM
Credit scores: No minimum credit scores required. Although, borrowers should demonstrate some reasonableness with regards to managing debts.
Loan Purpose: Purchase, Rate/Term Refi, Cashout
John Broussard Newbridge Investments johnb.newbridge@gmail.com 713-777-9996 Ext 103
