Discover the Power of a Bridge Loan
The world of commercial finance can be very complex; the wheels of some lending institutions can move more slowly than you expect. This is why iCommercial Lending Group offers hard money and bridge loans in Rochester, NY. These lending products are ideal for bridging the gap in available financing until other arrangements are completed. The particular qualities of these two financing options make them ideal for circumstances that are not properly addressed by other solutions.
Bridge Loan Program Features
We have partnered with numerous respected private investment firms to make the most competitive terms available to our bridge loan clients. As a result we can offer loans with features that include:
- Interest only amortization
- National and international lending areas
- Real estate collateral options such as raw land, development projects, and commercial real estate
- Interest rate between 9% and 14% depending on collateral real estate properties
- Origination fee of 1% – 4%
- Up to 80% LTV
In this program we can make loans in the amount of $1,000,000 – $100,000,000. The closing time on these loans is five days to one month. We respect your timetable and will strive to provide you with rapid results.
A Responsive Lending Program
The financial world requires companies to respond quickly to changing circumstances. This is why having access to dynamic financing options like bridge and hard money loans in Rochester, NY, can make such a difference. Contact iCommercial to learn more about your next bridge loan.