BRIDGE FINANCING
Bridge Loans from Security National Commercial Capital
Security National Commercial Capital offers bridge loans on a variety of properties. When a bridge loan is made, we look for an "exit strategy" to be certain that our borrowers have a plan to retire the loan either through selling or refinancing the property. Bridge loans are usually offered for terms of 6-36 months. Bridge loans are not only for shorter terms, but are also often needed to close quickly and/or provide time to stabilize the property. We pride ourselves in being able to meet our clients' financing needs in a quick and efficient manner.
Bridge Loan Details
| Current Bridge Loan Details from SNCLoans | |
|---|---|
| Property Types: | Commercial, multi-family, office, retail, industrial, flex office warehouse, manufacturing, medical office |
| Loan Term: | 6-36 months |
| Loan Purpose: | Purchase or refinance |
| Loan Amounts: | $1,000,000-$8,000,000 |
| Loan Amortization: | Interest only |
| Loan to Value: | 70% maximum |
| Personal Guarantee: | Recourse (non-recourse available on a case-by-case basis) |
| Prepayment Penalty: | None |
| Assumable: | No |
| Required reports: | M.A.I. appraisal, environmental screen or level 1 EPA |