Multifamily, Retail, Office, Mixed-Use, Senior Housing, Self-Storage, Hospitality, Specialty, Manufactured Housing, Industrial/Flex Every loan is unique, but generally our terms are:
LOAN PURPOSE |
|
INTEREST RATE[1] | Rates as low as 6.95% |
LOAN AMOUNT | $3MM-$30MM[12] |
LOAN TERM | 6 Months to 3 Years of Term |
BORROWER TYPE | Individual or Entity |
EXPEREINCE | All experience levels welcome |
REFINANCE MAXIMUM LEVERAGE LOAN –TO-VALUE[4] AND LOAN-TO-COST[5] |
Up to 75% |
PURCHASE MAXIMUM LEVERAGE | Up to 80% |
COST BASIS | Purchases and refinances owned more than 180 days |
REHAB ALLOWANCE | Up to 25% (cosmetic only) |
PROPERTY TYPE |
|
Information about our Detroit Commercial Bridge Loans
City, State | Detroit, Michigan |
Population | 670,031 |
Map Coordinates | 42.38°N 83.10°W |
Median Home Price | $58,900 |
Housing Units Owner Occupied | 127,801 |
Housing Units Renter Occupied | 139,338 |
Hard Money Loan Volume | $461,919,371.40 |
Rental Property Loan Volume | $568,160,826.82 |
Bridge Loan Volume | $161,671,779.99 |
Fix & Flip Loan Volume | $351,058,722.26 |