Asset Point Capital was created to provide investors and developers direct access to capital. Our loans are secured by commercial and investment real estate. We understand there are many solutions available to investors today and appreciate the opportunity to provide first class service and timely closings to meet our client’s needs.
We have both institutional and private sources of financing for owner occupied and investment bridge loans. depending upon the Borrower’s time frame and the circumstances, Prime or LIBOR-floating rate, interest-only loans as well as fixed-rate loans are available. Loan interest rates are usually 8-15%, with typical terms of up to 1 – 5 years.
Some lenders who make conforming loans exclude the bridge loan payment for qualifying purposes. The borrower is qualified to buy the move-up home by adding together the existing mortgage payment, if any, on her existing home to the new mortgage payment on the move-up home.
CT Capital offers bridge loans for non conforming commercial and residential (non – owner occupied) real estate properties. We are a direct and in-direct hard money lender working directly with the public. We are associated with many other direct lenders offering a variety of very competitive products and pricing.
How A Bridging Loan Works A bridge loan can be structured so it completely pays off the existing liens on the current property, or as a second loan on top of the existing liens. In the first case, the bridge loan pays off all existing liens, and uses the excess as down payment for the new home.
Avatar Financial Group Avatar is a direct lender offering $1M – $20M bridge loans for income-producing commercial property. Up to 65% LTV with 3-year terms. Lending Territory: NATIONWIDE. bloomfield capital. bloomfield Capital is a direct lender on commercial real estate bridge loans from $1M – $10M.
For example, if you buy a new home before selling your old one, you can borrow money with a bridge loan to help cover such things as dual mortgage payments, the down payment on your new home, closing costs, moving expenses, and broker fees. Unfortunately, bridge loans for purchasing residential real estate are just about nonexistent these days.
Bridge Loans on Owner-Occupied Real Property by Dennis H . Doss Note: This post is intended as educational material, not legal advice. Consult a lawyer before implementing any of the information in this post. There is a lot of confusion in our industry concerning the application of consumer protection laws to residential bridge loans.
The most varied & flexible way to acquire short-term residential real estate investment financing in Florida are Residential Bridge Loans. Some Lenders we work with refer to any short-term real estate investment loan in FL as a "Bridge Loan". To many, if it’s short-term and it’s residential, it’s a Residential Bridge Loan.
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