BRIDGE LENDING:

Nations Loan Services has a national affiliation with direct business lenders. Nations will underwrite the loan on the borrower’s behalf. Loan amounts range from $1-20 million. Bridge lending is defined as short term lending with higher risk for the lender, thus fees and interest rate are much higher than typical bank loans. Term Sheets can usually be issued in a week if the loan application is favorable.

General Overview:

  • Term: 1-3 years
  • Loan amount range from $1-20 million
  • Non-recourse and recourse loans, depending on how strong the collateral is and risk factors
  • Prepayment penalties depending on term of the loan
  • Interest only payments available
  • Rate from 8%-12%
  • Fees can range from 2%-4%, depending on risk
  • LTV maximum up to 70% on real estate
  • Usually a 20-45 day closing process, depending on appraisals and title work

Types of Lending:

  • Hotels/Hospitality
  • Retail
  • Office
  • Medical Office