Bridge Loans
IE Lending
With our commercial real estate bridge loans, you quickly get the capital you need to take advantage of lucrative opportunities. When it comes to bridge loan lending, Florida businesses and those around the nation choose IE Lending for quick, reliable and flexible funding.
| Loan Size: | $100,000 – $25,000,000 |
|---|---|
| Term: | 6- 36 months |
| Lending Area: | Nationwide |
| Interest Rates: | 8%-12% Fixed (interest only) |
| Loan to Value: | Up to 75% on income producing properties stabalized, “as-is” up to 70% (non-stabalized) |
Stated Program
IE Lending
No Personal Tax Returns or Corporate Tax Returns Required
| Loan Amounts | $100,000 to $5,000,000 |
|---|---|
| Loan Purpose | Purchase Refinance (rate/term & cash-out) |
| Property Types | office, retail, warehouse, self-storage, automotive services |
| Debt Coverage Ratio | 1.25 |
| LTV | 80% |
| Fixed Period | 3, 5, 7 & 10 year Fixed options |
| Minimum FICO | 620 Middle Score |
| Pricing | Rates starting as low as 6.49% with buy down options |
| Term | 30 year fully amortizing / 30 year loan no balloons or call backs |
| Prepayment Penalty | Equal to the fixed period Simple loan documents No loan committees Common sense underwriting Brokers Welcomed! Permanent financing, NO balloons Quick Closings – 20-45 days! |
Bankable-Conventional Loan
IE Lending
| Loan Amounts | $750,000 to $50,000,000 |
|---|---|
| Loan Terms | 5, 7 and 10 Year |
| Asset Types | Office, retail, industrial, multifamily, hotel, mobile home parks, special use and other asset classes to be considered on a deal-by-deal basis |
| Security | First mortgage |
| Borrower Entity | Single purpose entity |
| Loan-to-Value | Up to 75% LTV |
| DSCR Requirement | 1.25x on underwritten net cash flow (1.35x for hotel and other special purpose assets) |
| Amortization | Typically 30 year amortization |
| Interest Rate | Competitive swap based pricing |
| Exit Fee | None |
| Prepayment | Declining Pre-Pay |
| Recourse | Non-recourse is available to Key Principals except for customary bad boy carve-outs |