© LOAN PROGRAMS PROGRAM 01 OF 09
Short-term capital for the moments that decide a deal: an acquisition that will not wait for a bank, equity you need to recapture, or a property that needs time to stabilize before permanent financing. Six bridge structures, one process, closings in 5-7 days.
REQUIREMENTS
BENEFITS
© BRIDGE LOANS FROM 9.00% · LTV 75% · 1-2 YR
A bridge loan carries a property from one point to the next. Loan Goat writes it on the asset, the equity and the exit rather than on tax returns, which is why the file moves in days: application, documentation, Letter of Intent, funding. Residential or commercial, small balance or large, one of the six structures below fits the asset and the plan, and every one of them sits on the same published terms: 9.00% to 13.00%, up to 75% LTV on residential and 70% on commercial, one or two years, $150,000 to $25,000,000.
© PUBLISHED TERMS 6 PRODUCTS
Every figure is the one printed on the product's live terms card. Rates and pricing are subject to change and are not a commitment to lend.
| Product | Rates | LTV Up To | Terms | Loan Amounts |
|---|---|---|---|---|
| BRIDGE LOANS & SHORT-TERM FINANCING | 9.00% to 13.00% | 75% | 1 or 2 years | $150,000 to $25,000,000 |
| SMALL BALANCE BRIDGE LOANS | 9.00% to 13.00% | 75% residential, 70% commercial | 1 or 2 years | $150,000 to $25,000,000 |
| LARGE BALANCE BRIDGE LOANS | 9.00% to 13.00% | 75% residential, 70% commercial | 1 or 2 years | $150,000 to $25,000,000 |
| HARD MONEY RESIDENTIAL BRIDGE LOANS | 9.00% to 13.00% | 75% | 1 or 2 years | $150,000 to $25,000,000 |
| HARD MONEY COMMERCIAL BRIDGE LOANS | 9.00% to 13.00% | 70% | 1 or 2 years | $150,000 to $25,000,000 |
| SHORT-TERM INTEREST-ONLY BRIDGE LOANS | 9.00% to 13.00% | 75% | 1 or 2 years | $150,000 to $25,000,000 |
© THE PRODUCTS 6 STRUCTURES
Each structure has its own page with the verbatim terms card, the criteria, how it differs from the others here, and the questions borrowers ask about it.
The flagship structure. Up to 75% LTV on residential and 70% on commercial, one or two year terms, loans from $150,000 to $25,000,000 and rates from 9.00% to 13.00%, underwritten on the asset and the exit so an acquisition, a recapitalization or a stabilization play never waits on a bank committee.
Flexible bridge capital across a wide band of asset classes, on the program's published terms: up to 75% LTV on residential and 70% on commercial, one or two year terms, loans to $25,000,000 and rates from 9.00% to 13.00%. Purchases, cash-out refinances, ground-up projects and light renovation all sit inside one structure.
Bridge capital for construction, transitional financing and major rehabilitation, on the program's published terms: loans to $25,000,000, one or two year terms, up to 75% LTV on residential and 70% on commercial and rates from 9.00% to 13.00%.
The structure for the deal other lenders will not read. Defaults, notices of default, matured loans and bailouts are weighed against the equity above a 650 minimum score, on the bridge program's terms: up to 75% LTV, one or two years, loans to $25,000,000, with closings in as quickly as 3 days on a clean file.
The commercial half of the hard money program: retail, office, industrial, multifamily, mixed use and land, at up to 70% LTV on one or two year terms to $25,000,000, for files with a default or a matured loan, and closings in as quickly as 3 days.
Interest-only payments, up to 75% LTV, one or two year terms with the possibility of two six-month extensions and loans to $25,000,000, from a 650 credit score. The one bridge structure on the Loan Goat card set whose occupancy line says owner occupied OK.
WHO IT IS FOR
Investors who need to close like a cash buyer, recapitalize equity or hold a transitional asset while the plan plays out. The property types and occupancy below are the ones printed on the six terms cards.
OUR PROCESS
The same four steps on every bridge structure, with the Letter of Intent as the one document that fixes the terms before anything else happens.
© BRIDGE LOANS
Acquire, recapitalize or stabilize with short-term capital that closes in days, not months.
PUBLISHED TERMS
© QUESTIONS 7 ANSWERS
A bridge loan is short-term financing that carries a property from one point to the next: from purchase to stabilization, from a fast close to a permanent loan, or from one sale to the next acquisition. Investors use it to compete with cash buyers, to buy before selling, to recapitalize equity or to hold a transitional asset. Loan Goat's bridge loan runs one or two years, up to 75% LTV on residential and 70% on commercial, from $150,000 to $25,000,000, with rates from 9.00% to 13.00%.
It is a good idea when the window is short and the upside is real; it is a bad idea when there is no exit. The alternatives depend on the goal: a rental DSCR loan for a property you will hold, a bank statement loan for a home you will live in, or a bank loan when time is not a factor. We will tell you if one of those fits better than a bridge.
Loan Goat's bridge loan rates run from 9.00% to 13.00% for qualified borrowers. Points and closing costs are quoted per deal and depend on the loan size, leverage and property. Rates and pricing are subject to change without notice and are not a commitment to lend.
Up to 75% LTV on residential and 70% on commercial, on a purchase or a cash-out, on the bridge loan. The number a specific property supports depends on the value, the lien position and the exit, and it is fixed on the Letter of Intent.
Until the maturity date on the note. Loan Goat's bridge loan runs one or two years, fix and flip 6 to 18 months, construction 12 to 18 months and the owner occupied bridge 11 or 12 months. Long-term programs such as the rental DSCR loan run on 30 and 40 year fixed terms and are not hard money in the short-term sense.
Some programs build the extension in: the interest-only bridge runs one or two years and allows up to two 6 month extensions as long as the loan is current. Other programs handle extensions case by case, with the fee disclosed at the time. The condition that matters everywhere is being current on payments.
The 70% rule is an investor's rule of thumb, not a lender's requirement: pay no more than 70% of the after-repair value (ARV) minus the renovation cost, so the margin covers financing, holding costs and profit. It is a screening tool for flips; lenders size the loan against the purchase price, the rehab budget and the ARV. Loan Goat's fix and flip program lends up to 85% of the purchase, 100% of the rehab and 75% of ARV, so a deal that passes the 70% rule usually leaves room for the down payment and reserves.
© LOAN REQUEST 2 MINUTES
The loan information form with this program already selected. A lending advisor from our firm will reach out. Or just give us a call now: (619) 617-2797.
