Asset Based Bridge Loan

Braxton and Company primarily offers an asset based bridge loan for opportunistic acquisitions and repositions between $1 million and $25 million. This bridge loan is a real cost saver with no upfront fee, no commitment fee and no prepayment penalty. With a primary focus on providing a quick closing, you are able to close faster than a traditional permanent loan. Up to a 3 year loan term and no pre-payment penalty provides the flexibility needed to reposition and stabilize properties. Braxton and Company is a wholesale broker for a national conventional and conduit lender which can provide permanent financing upon stabilization, creating a seamless exit strategy. The bridge loan offers speed, flexibility and simplification.

 

 

Key Points

No Upfront Fee

No Commitment Fee

Fast Turn-Around and Commitment

Available Nationwide

1-3 Week Close

 

 

Terms

$1 million to $25 million+

LTV: up to 70%*

Interest: from 7.00%

Rate: Fixed

Term: 1-3 years

Amort: Interest Only

No Prepayment Penalty

 

 

Purpose

Acquisition

Refinance

Cash-Out

Renovation

 

 

Loans For

Buy-Out Partner

Cross Collateral

Debtor-in-Possession (DIP)

Discounted Payoffs (DPOs)

Loan Portfolio Acquisitions

Mortgage Note Acquisitions

 

 

Collateral

Assisted Living

Condominiums

Hospitality

Light Industrial

Marina

Mixed-Use

Mobile Home Park

Multifamily

Office: Building, Condo, Medical, etc…

Parking

Residential (Luxury)

Retail

Self-Storage

Senior Housing

Student Housing

Special-Purpose Properties

Urban Land

Warehouse

 

 

*Up to 100% LTV with additional collateral