Lending Programs

The terms in which Bridgespan offers potential borrowers vary with each individual loan but as a rule, the following terms and criteria will apply most of the time:

Lending amounts:

 $125,000 – $2,000,000
Loan-to-Value: (LTV)

 Up to 75% of net selling value
Lien position:

 1st Deed of Trust, but will allow 2nds when used as additional collateral
Rates:

 Starting as low as 12% fixed, interest only
Fees: As low as 3% of loan commitment
Terms:

 3 months to 12 months
Document prep fees:

 $800 may vary depending on loan complexity
Inspection fees:

 $100 per inspection during loan term
Pre-payment penalty:

 None
Interest reserves: On occasion, we will provide an interest reserve account
Credit criteria: We will require a credit report but there is no minimum score requirement, the value of the collateral and the capability of the borrower is what drives our lending decisions.
Construction funding: Yes–We provide construction holdback and implement a thorough draw process.
Income verification: We may request tax returns, rent rolls, P&L’s, and/or bank statements in order to verify your ability to make interest payments.


Type of Projects/Collateral