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BRIDGE GOLD
| Loan Type: |
Light Documentation (can close in 7 – 21 days) |
| Loan Amount: |
$5,000,000 - $50,000,000 |
| Term: |
1 - 5 years |
| Amortization: |
Interest Only |
| Minimum DCR: |
1.00x – 1.10x |
| Maximum LTV: |
90% on "As-Is" value or purchase price, whichever is less |
| Interest Rate Options: |
LIBOR + 400-700 bps |
| Origination Fee: |
2 – 4 points |
| Prepayment Penalty: |
4 – 6 month lockout |
| Eligible Properties: |
Multifamily (5+ units), Mixed-Use, Office, Retail, Mobile Home Parks, Warehouse, Self-Storage, Light Industrial, Flagged Hotels. No land, construction/development or special use properties. |
| Population Requirement: |
Property location must have a population of 20,000 + |
| Eligible Borrower: |
Single-asset entity |
| Recourse: |
Typically non-recourse to Sponsor |
| Assumable: |
No |
| Subordinate Financing: |
Mezzanine provided by WCB or an approved third party Lender |
| Credit: |
Good overall credit with sufficient liquidity and property ownership/management experience |
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