Fast Moving Bridge Lender Closing Loans In 2 Weeks At 80% LTV!
There’s always some wrench that gets thrown into the cogs of the process. A leading culprit of this time blackhole is usually getting the appraisal (sorry appraisers we know you work hard). Fortunately, EN Capital has started working with a lender that can move lightning fast and doesn’t require an appraisal to close! Plus, they’re extremely bullish on Industrial, Hospitality, and they have a huge amount of capital that they need to deploy!
This capital source is a balance sheet lender that is quick to say “yes” or “no” and if they say yes they can close your loan in 2 weeks up to$75M and 80% LTV. They’ll even lend on foreclosures, bankruptcy, flagged and unflagged hotels, and resorts.
If you have an existing asset that is cash flowing and you need a loan quick then we should chat immediately.
Here are their criteria:
Bridge Loan:
- Deal Size:
- $10M – $75M
- Up to 80% LTV
- Rate
- Starts at 10% & 2 points
- Term
- 2 years
- 1x 12 months
- With 2x 6-month extensions
- 2 years
- Negotiable recourse options
- Geographics
- Nationwide
- They’ll also lend in South America, the Caribbean & Europe
- Nationwide
- Asset Types types
- All types
- Bullish on Industrial & Hospitality
- All types
