What are bridgeloans? Theinterest rateand repaymentperiodexplained

Content

Bridge LoansInterest RatesRepayment PeriodContact Us

Bridge LoansBridge Loans are asset-based loanfinancing through which theborrower receives funds secured byreal property leveraged between65%-80% Loan-to-Value.

Rates range based on risk, there isno prepayment penalty andrepayment is usually interest only.Borrowers must illustrate theability to repay the loan within 12-18months.

Interest Rates

The interest rate for bridge loansrange from 9.99% to 12%. Thebridge loan can be availed for thefollowing property types SFR/1-4/CONDO/5+/COMMRECIAL.

REPAYMENT PERIOD

These loans do not have any prepaymentpenalty, but has a lender processing fee of$1,495 Lender + $500 Doc Prep.

Bridge loans can be availed for 12 months fixedterm and the closing timeframe is usually 2weeks for bridge loans.

Website: https://loanbrook.com/programs/hard-money/

Phone: 818-697-8220

Address: 23273 Ventura Blvd, Unit B Woodland Hills, CA 91364

CONTACT US

https://loanbrook.com/programs/hard-money/