A “Commercial Bridge” loan is a short-term loan used to purchase or refinance a property quickly in order to take advantage of a short-term opportunity, accommodate an urgent closing, or bridge the gap until permanent financing is available. A Commercial Bridge Loan is a great fit in the following situations:
At Capital Funding Financial, our commercial bridge loans close quickly… in as little as 7-14 days at rates starting at 7.99%! Our commercial bridge loans require no personal income verification and very little documentation instead the underwriting is primarily based on the property itself! Our Commercial Bridge loans are a great way to purchase or refinance a commercial asset which needs a quick closing without the extensive underwriting associated with traditional bank financing. Our commercial bridge loan program provides you with the ability to close quickly by using a reliable & experienced lender as your financing partner. and very little documentation!
Current Rent Roll
Operating Statements for Last Two Years & YTD
Operating Budget/Proforma for Next 12 Months
Purchase Contract or Payoff & Current Mortgage Statement (if applicable)
Leases
Property Management Agreement
Plan to Stabilize the Property with Timeline and Budget/Costs (if unstabilized)
Planned and Past Capital Improvements
Valuation (to be ordered)
Title & Insurance Contacts
Loan Application
Copy of Driver’s License & Passport
Personal Financial Statement
Schedule of Real Estate Owned
Bio/Resume
Last Two Months of All Bank Statements
Last 2 Years of Tax Returns (if applicable)
Entity Documents – Articles of Organization + Bylaws/Operating Agreement
Organizational Chart
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