skip to Main Content

Fast Track Program 

Funding in 45 days when:

(1) You have a maturing loan coming due

(2) Your seller won’t wait 6 months for you to close

(3) Your project is in lease-up. We underwrite balance sheet bridge loan and FHA-HUD permanent loan simultaneously. FHA-HUD loan pays off Fast Track when it’s ready to close.

(4) You want to buy out a partner

(5) Not for refinance cash-outs

Property types: apartments, mixed-use, mobile home parks, affordable, student, assisted living and skilled nursing facilities

Fast Track Bridge Loans: $7.5 Million to $75 Millon+; Must be simultaneously underwritten with pemanent FHA-HUD loan

Finance 90% of current value or 80% of stabilized value (not for cash-outs)

5.5% to 7% (4.75 to 5.75 over Libor)

Interest only

No upfront fees underwriting pricing and sizing loans; no application or 3rd party fees (such as appraisals) until borrower signs FHA-Hud, Fannie Mae or Freddie Mac terms sheet

Streamlined loan docs

Origination: 1 to 2  points

Term: 2 years + optional 2 month extension 

No exit fee if Eagle originates your FHA-HUD loan

Loan commitment fee: 0.5% to 1% 

Application fee: $15,000 plus $20,000 for appraisal, 3rd party reports and due diligence

Nonrecourse 

Debt Service Coverage 1.00x; loan amount based on increased rents to 1.25x.

May require interest reserve 

Cash required:10% to 15% for taxes, insurance & replacement reserves

Eagle is a correspondent lender for the largest FHA-HUD commercial lender in the USA. We close more than half of all FHA-HUD commercial loans; $100 Billon+ closed in past 30 years

To get started please click blue Fast Track Loan Link for FREE PRE-APPROVAL LOI within 48 business hours. Will take less than 6 minutes to complete online submission form. No upfront fees, credit cards, Social Security Numbers or credit checks are required.

Back To Top