RESIDENTIAL BRIDGE LOANS / HARD MONEY
ICS Loans offers a number of residential interim bridge loans for residential 1 - 4 unit properties that are NOT owner-occupied. Our quick turnarounds allow borrowers to close in a shorter time frame than otherwise required for traditional permanent loans. Fix & Flip Bridge financing gives property owners the flexibility they need to rehab properties for immediate disposition.
Residential Loans $50,000 to NO MAXIMUM
| Fix & Flip Bridge Financing | |
| Eligible Properties: | Residential 1- 4 Unit |
| Loan Amounts: | $50,000 minimum - No maximum |
| Minimum DSCR: | N/A |
| Maximum LTV | 75% |
| Loan Term: | 1 year, extension options available. |
| AMORTIZATION: | Interest-only or Fixed. |
| Lender Fee: | Origination and exit fees to be determined. |
| Tax and insurance escrows: | Origination and exit fees to be determined. |
| Replacement Reserves: | TBD |
| Required Reserves: | NTBD |
| Prepayment: | No prepayment penalty |
| Subordinate Financing: | Mezzanine debt may be provided by lender or an approved 3rd party lender. |
| Eligible Borrower | Single asset special purpose entity. |