RSA Funding has relationships with many Bridge Lenders who offer very competitive terms for customers who may need a transitional bridge loan. A customer may need a bridge loan because of an impending balloon payment or a credit issue that may need time to be resolved before they can seek conventional financing.
Loan size: From $1 million and up.
Property types: All types considered – multifamily, condominiums, office, mixed-use, retail, warehouse, industrial, hospitality.
Terms: 1 to 3 year loans with extension options.
Interest rates: From 8%
LTV: Up to 75%
Fees: From 2% (lender fees) plus broker fees.
Uses of Proceeds: Acquisition, refinance, property improvements, construction.