Bridge Loan Properties

Loan Amount

$1,000,000 – $50,000,000

Loan Term

6, 9, 12, 18, 24, and 36 months floating

Amortization

Interest Only or interest reserve

Minimum DSCR

1.00x+

Maximum LTC

  • Up to 75% for Tier 1
  • Up to 70% for Tier 2

Interest Rate

Check with your ASC representative

Geographic Location

National

Eligible Property Types

Tier 1

  • Multi-Family
  • Mixed-Use
  • Assisted Living Facilities
  • Mobile Home Parks
  • Cooperatives
Tier 2

  • Single Tenant
  • Retail
  • Student Housing
  • Hospitality
  • Industrial

Recourse

Recourse and Non-Recourse

Pre-payment

1% or less

Construction

Limited construction is eligible

Eligible Borrower

  • 540+ personal credit score
  • Net worth to loan request ratio of 0.50+
  • Liquidity: 3 months of P&I payment
  • 3 + years of industry experience

Eligible Property

  • 50%+ of property currently occupied
  • 3+ months history of generating revenue
  • Investment or owner-occupied
  • Borrowing entity is not in bankruptcy