Bridge Loans – A Nimble Alternative to Traditional Financing
During recent years, commercial property owners have found it increasingly difficult to obtain timely financing for their properties. Given the strict regulatory environment, traditional lenders are unable to accommodate borrowers as they have in the past. As a result it takes borrowers considerably more time to obtain traditional financing for their investment opportunities.
ABLP offers the solution of providing short-term bridge loans to well-qualified borrowers. We serve the brokers of commercial properties by providing loans to their clients. By leveraging greater strategic flexibility in our underwriting criteria and lending terms than traditional lenders, ABLP is able to act quickly to provide borrowers with an attractive alternative to traditional financing. The underlying asset, whether office buildings, shopping centers, storage properties, apartment complexes, rental homes or other types of commercial property holdings, are collateral for the loans.
Typical Examples of Financing Needs
|Location||Within the United States|
|Lien Position||First Trust Deeds Only|
|Types of Loans||Purchase, Refinance Rate and Term, Cash Out|
|Property Types||Commercial including Office, Retail, Industrial, Self Storage, Multifamily and NOO Residential Properties|
|Loan Amounts||From $500,000 to $5,000,000|
|Interest Rates||Starting at 8.95%|
|Origination Fees||Starting at 1.50%|
|Loan to Value||Typically Targeting Loans at or Below 68%|
|Loan Terms||6, 12, 24, 36 Month|
|Closing Time||In as little as 10 days|
|Prepayment||6 Month Lockout|
|Appraisal||Appraisal Required. Existing Recent Bank Appraisal May Be Considered.|