BRIDGE LOAN GENERAL TERMS
Investment Loans: Our Bridge loans are for business investment only. Loan proceeds are not to be used for personal, family, or household use.
Residential Properties: We loan only on 1 to 4 unit residential properties. No condominiums or townhouses.
Central Florida Location: Bridgewell currently loans in the greater central Florida area
Two Year Term: Length of Bridge loans are 1 year, with a 1 year Borrower option to extend (2 year total term)
Monthly Payments: Payments are monthly, interest only
No Prepayment Penalty: Borrower may prepay at any time without prepayment penalty.
Loan qualifying: Bridgewell qualifying is based on a “Borrower’s ability to succeed”.
Current Rates: Call or visit our office for current rates and more info about our Bridge loan program. |