Fast, Flexible Approval & Funding for Developers - Interest Rate as Low as 9.75%
Bridge Loans
Our bridge loans are perfect for borrowers whose projects do not meet traditional lenders’ standards or who simply need to act more quickly than traditional lenders are willing to move. Our preference is to finance senior debt on income-producing properties with low loan-to-value ratios. However, we will consider any commercial real estate loans that meet our lending parameters.
Highlights of our Bridge Loans for Real Estate Investors & Developers.
Our interest-only bridge loans are a quick and flexible option for developers. We offer fast funding and fast approval for bridge loans in the area. Our lending parameters include:
Loan Amount: $1,000,000 - $75,000,000
Term: 12 months - 36 months
Interest Rate: Starting at 9.75%
LTV: Up to 85% LTV
Recourse: Yes
Pre-Payment Flexibility: Yes
Origination Fee: 1% - 5%
RESIDENTIAL BRIDGE LOANS:
• Non-owner occupied 1-4 residential, condominium, townhomes.
• Multifamily (5+ units) apartments
• REO and foreclosure purchases
COMMERCIAL BRIDGE LOANS:
• Office, industrial, retail, hospitality
• Mixed-use properties
• Vacant or leased buildings
• Mortgage and property pools
CONSTRUCTION BRIDGE LOANS:
• Final stage residential and commercial
• Entitled land and lot loans
• Fix and flips
• Remodel and rehabilitation
About our Borrowers:
We provide bridge loans to real estate investors and developers. We require no minimum FICO credit score, and no maximum debt-to-income ratios, and we include all types of income (including self-employed) when underwriting and funding our loans. Mirate Equity LLC is a private direct lender with the financial resources to fund loans up to $75 million when banks will not. Because we underwrite and fund our loans in-house, we can offer easy qualification standards compared to traditional lenders. Whether you plan to purchase, refinance, or improve your real estate asset, we have flexible alternative financing for your situation. If you’re a developer and need fast approval and funding on a short-term loan, contact us.