Re: Cash Out Refi on Apartment?

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Posted by John Broussard on March 08, 2010 at 18:14:48:

In Reply to: Re: Cash Out Refi on Apartment? posted by SolidReturns on March 08, 2010 at 17:11:49:

Here is the bridge program....

Interest Rates:
Less than 10%

LTV:
60% (65% in some cases)

Lien Position:
1st Trust Deeds Only

Commitment Fees:
None

Loan Amounts:
$200,000 up to $10,000,000

Loan Term:
12 months w/ Extensions

Geography:
California Real Estate Only

Documentation:
No appraisals or tax returns most of the time

Underwriting Times:
24—48 hours

Closing Times:
As little as 7 to 14 days

Property Types

Multi-Family

Office

Retail

Industrial

Hospitality

Non-owner residential

Special purpose properties of all kinds

Documents Needed:

Loan Submission Form
1003 Loan Application
Credit Report
Appraisal or Pictures of Property

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