Short-term Bridge Loan | Endeavors South Florida

Short-term
Bridge Loan

Bridge loans have a max term duration of 12 months, but they can be extended to 18 months and even to 24 months should it be necessary. They are effortless to process and quick to close with minimal requirements.

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Standard Loan Terms

‣ Max Loan Amount: $5,000,000

‣ Max LTV (Loan to Value): 75%

‣ Rate: Starting at 9%

‣ Loan Term: 12 months (with option to extend to 18 and 24 months)

‣ Payment: Monthly Interest Payments with Balloon at Maturity

‣ Prepayment penalty: None

‣ Minimum credit score required: 500

‣ Closing time: 10 days on average.

Standard Requirements

‣ Credit Application filled and signed.

‣ Last 2 bank statements (Of a US bank account)

‣ Copy of ID

‣ Copy of Borrowing Entity documents

‣ Purchase Contract (If the loan entails purchase)

‣ Property Insurance.