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 Chattanooga Commercial Bridge Loans
City, State | Chattanooga, Tennessee |
Population | 182,799 |
Map Coordinates | 35.06°N 85.24°W |
Median Home Price | $198,300 |
Housing Units Owner Occupied | 39,084 |
Housing Units Renter Occupied | 40,481 |
Hard Money Loan Volume | $126,021,630.60 |
Rental Property Loan Volume | $155,006,605.64 |
Bridge Loan Volume | $44,107,570.71 |
Fix & Flip Loan Volume | $95,776,439.26 |