Commercial Bridge Loan Program
Fast & Reliable Funding
for your Most Urgent Financing Needs
Understanding Commercial Bridge Loans
LOAN AMOUNT
Loan Amount: $250,000 - $50 Million
Term Length: 6 - 36 months
Amortization: Interest only
Interest Rate: Starting at 7.99%
Closing Time: 7 - 14 Days
Loan Use: Purchase, refinance, cash-out,
construction, renovation
Commercial Bridge Loan Program
A “Commercial Bridge” loan is a short-term loan used to purchase or refinance a property quickly in order to take advantage of a short-term opportunity, accommodate an urgent closing, or bridge the gap until permanent financing is available. A Commercial Bridge Loan is a great fit in the following situations:
⦁ Unique acquisition situations requiring non-conventional financing such as a foreclosure sale or REO
⦁ Sale & Leaseback Scenarios needing a quick closing
⦁ Distressed Sales, IRS Liens, Bankruptcy Resolutions, Debt Consolidation
⦁ Partner Equity Buyouts
⦁ Mortgage Acquisitions and Discounted Mortgage Buybacks
⦁ Rehab & Conversion opportunities which require property stabilization before permanent financing can be obtained
At Diamond Capital, our commercial bridge loans close quickly… in as little as 7-14 days at rates starting at 7.99%! Our commercial bridge loans require no personal income verification and very little documentation instead the underwriting is primarily based on the property itself! Our Commercial Bridge loans are a great way to purchase or refinance a commercial asset which needs a quick closing without the extensive underwriting associated with traditional bank financing. Our commercial bridge loan program provides you with the ability to close quickly by using a reliable & experienced lender as your financing partner. and very little documentation!
Pro's About Commercial Bridge Loans:
⦁ Quick Closing in 7-14 Days
⦁ Low Rates Starting at 7.99%
⦁ Interest-only payments
⦁ No Occupancy Requirement
⦁ No Income Documentation
⦁ Qualify Based on the Property LTV
What Do I Need To Qualify?
⦁ Simple… Equity in the property!
⦁ Origination Fee: 1.50% + of the loan amount
⦁ Processing Fee: Based on Project Size
⦁ Underwriting Fee: Based on Project Size
⦁ Prepayment Penalties: None! (3+ months of minimum interest earned)
Is a Commercial Bridge Loan Right For Me?
Need to close fast? You can count on us! Benefits of our Commercial Bridge Loans:
⦁ Close in 14 Days
⦁ Up to 75% LTV
⦁ No Income Documentation
⦁ No Occupancy Requirement
⦁ Low Credit Requirement
⦁ No Prepayment Penalty
Eligible Properties for Commercial Bridge Loans
Single Family
Single Family is classified as one to four-unit residential use dwellings including condominium, P.U.D., townhomes, duplexes, triplex’s, and quadplex’s. At Diamond Capital, we will lend to real estate investors and entities looking to purchase, refinance, fix & flip, or buy to rent from $75,000+.
Multi Family
Multi-family is a classification of housing where multiple units (5+) for residential use are contained within one or more buildings within one community or complex. At Diamond Capital we will lend to real estate investors looking to purchase or refinance multi-family properties with loan amounts of $250,000+.
Mixed Use
Mixed-use is a type of development that blends residential and commercial uses into one integrated complex or building. At Diamond Capital, we will lend to real estate investors in the following scenarios: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out on mixed use projects with loan amounts from $250,000+.
Retail
Retail is any property used for commercial retail space such as a storefront for selling goods or services, Diamond Capital will lend to real estate investors and business owners who are looking for a loan for: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out from $250,000+.
Office
Office is a property classification which generates income from tenants composed of businesses and professionals. Diamond Capital will lend to real estate investors and business owners who are looking for a loan for: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out from $250,000+.
Hospitality
Diamond Capital will lend to experienced operators with a flag in the hotel and lodging sector. Loan amounts are $500,000+.
Other eligible properties include: Self storage, senior housing, marinas, parking facilities, automotive
Common uses include: Acquisition, refinance, cash-out, renovation / construction
Approval Process
Close in as little as 3-7 Days with 5 easy steps!