Bridge Loans California
3 Options | Valor Lending Group | Typically without an appraisal**
Bridge Loans California: Are you buying a new investment property?
Are you buying a new investment property and need to pull cash out of other real estate owned for the down payment?
Do you need cash out from a current property owned to pay off a business purpose?
Do you need cash out from a current investment property to improve that investment property?
Bridge Loans California
First we have our Valor Bridge Owner Occupied:
Do you need to pull cash out of your primary residence for a business purpose?
- Property being used as the borrower primary residence
- terms of up to 11 months
- Max LTV of 72% on 1st TD | Max CLTV 65% on 2nd TD
- No Prepayment Penalty
- Interest Only starting in the 9s
*Owner occupied for California Properties ONLY
Valor Investment Property | Non owner occupied:
Property being used as the borrowers investment property
- Terms 1 to 2 year
- Max LTV of 80% | note: Are you buying below market value? We can use the higher “as is” value with as little as 10% down!
- No Prepayment Penalty
- Interest Only starting in the 7s
Valor Cross- Collateral Loan:
Do you have a portfolio with properties that have available equity?
- Leverage for 100% financing when crossing other real estate owned at 65% CLT for 100% Financing
- Terms of 1-2 years
- Max CLTV of 65%
- No Prepayment Penalty
- Interest Only starting in the 9s
**no Appraisal Subject to lender discretion on a case by case basis
Needs for Quote (email Olivia the following):
- Property Address:
- Purchase Price (for Purchase):
- Property “as is” Value:
- Current Balance (for Refinance):
- Total Monthly Rents (confirm if long term or short term Airbnb leases):
- Monthly Taxes and Insurance:
- Approx Credit Score:
- Vesting in and Entity or Individual name:
Other Programs Available
- Hard Money Loans
- Fix and Flip Loans
- Commercial Loans
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My client is purchasing a commercial property in Santa Monica, CA. He has two profitable existing restaurants and is opening his 3rd restaurant in the new Santa Monica location. The restaurant will lease the property back from my client since he will be the owner of the commercial property. The 3rd restaurant will take up 100% of the space of the Santa Monica property. The project cost is $28,850,000. My clients equity in cash and expenses contributed to the project is $7,212,500. My client is seeking a debt loan or bridge for $21,637,500. Please let me know if you have an interest in this loan.
Thank you, Bryan Locker JD 707-479-9355