BRIDGE LOANS

- Bridge Loan product can accommodate larger loans, up to $10 million in size

- Ideal for Mixed-Use, Commercial, and Industrial properties

- Allows to purchase and stabilize property prior to refinancing 

- Verbal pre-approvals provided on the phone, and same day written pre-approvals

- Funding within 1-2 weeks 

- Starting at 10% interest rate

- 1.5 – 2% origination fee

- No other fees — we mean it, zero

- 1 Year loan is standard

- 2 and 3 Year loans are available

- Extension option available (typically in 6 months increments)

- 80% of purchase price

- 100% of rehab

- Total Loan amount not to exceed 75% ARV

- First Lien Only

- West Forest Capital will order appraisal and perform credit check

- No minimum FICO

- Existing appraisals are accepted in time sensitive situations

- Phase 1 environmental report required on select industrial properties

- Insurance policy listing West Forest Capital as loss payee and additional insured

- Builder’s risk insurance on extensive rehab projects

- New Jersey

- New York

- Long Island

- Florida