Stabilization Bridge Loans
Bridge Stabilization Refinance, Permanent or Bridge to Perm: 3 to 10 years, interest only with 30 year amortization amortization)
$2 million to $200 million
Nationwide since 2017
Single family, 2-4 unit multifamily, condos, and townhomes
Competitive rates (floating + SOFR)
Interest only paid on drawn balance as units delivered at C/O
Term: 1 to 3 years
Prepay: none or small
Non-recourse with standard carve-outs
Must have recent experience with similar type and size properties
Liquidity: cash to close + reserves
First lien
660+ FICO credit score