© LOAN PROGRAMS PRODUCT 06 OF 20
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.
REQUIREMENTS
BENEFITS
© BRIDGE LOANS PRODUCT 06 OF 20
Some gaps are short and expensive to carry. A property is bought before another one sells, a permanent lender needs three more months of seasoning, a rate lock expires at the wrong moment. This card is built for those months: interest-only payments so the monthly carry is as small as the structure allows, a one or two year term with the possibility of extension, and up to 75% LTV against SFR, condos, townhomes, 2-4 units and PUDs.
The credit floor is 650, the same as the rest of the bridge program, and rates run from 9.00% to 13.00%. It is a precision instrument rather than a scale product, and the extension language is part of that precision: up to two six-month extensions, with the loan required to be current.
The occupancy line is what makes this card unusual. It reads "Owner occupied and non-owner occupied", where every other bridge structure in the program is investment only. That is a consumer-purpose signal, and consumer-purpose lending is governed differently from business-purpose lending, so the specific file is confirmed with a lending advisor rather than assumed from the card.
Short-term interest-only loan for purchasing or refinancing SFRs, condos, townhomes, and 2-4 unit properties, with up to 75% LTV and no prepayment penalty, designed to bridge financing gaps before permanent funding.
Loan Goat, on short-term interest-only bridge loans
Terms, requirements and benefits on this page are printed exactly as Loan Goat publishes them.
© THE COMPARISON 6 PRODUCTS IN THIS PROGRAM
Three things are unique to this card inside the bridge program: interest-only payments, published extensions, and occupancy that includes owner occupied. The trade is the lowest ceiling and the shortest term in the program.
The same terms without interest-only payments, non-owner occupied only.
Files with a default, a notice of default or a matured loan, and closings as quick as 3 days, non-owner occupied only.
Commercial and residential asset classes, with post-close rehab money.
Construction, transitional and major rehab projects, with experience required.
Every figure below is the one printed on that 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 |
WHO IT IS FOR · 02
Borrowers bridging a defined gap on a residential property, where the exit is a sale or a permanent loan already in sight and the priority is the lowest possible carry until it lands.
OUR PROCESS · 03
The standard four steps. Where the file is owner occupied the documentation and the disclosures differ from an investment loan, which is confirmed with a lending advisor before the Letter of Intent is signed.
© PROPERTY TYPES AS PRINTED ON THE TERMS CARD
Four residential classes including PUDs, which appear on only two Loan Goat cards. Commercial assets are financed on the small balance, large balance or hard money commercial bridge.
© SHORT-TERM INTEREST-ONLY BRIDGE LOANS
THE SMALLEST CARRY WE CAN BUILD FOR THE MONTHS IN BETWEEN.
PUBLISHED TERMS
© GOOGLE REVIEWS 5.0 GOOGLE RATING · 150+ REVIEWS
Fantastic experience working with Milad and his staff at loan goat. Closed both of my loans in less than 10 days. Best hard money lender hands down in San Diego
I recently completed a bridge cash-out refinance from a private lender through Loan Goat and I cannot say enough good things about the experience. As a borrower in New York - one of the most attorney-heavy and regulation-intensive states - the...
I recently worked with Loan Goat, and my experience was fantastic. From start to finish, the team was attentive, knowledgeable, and genuinely interested in helping me find the best loan options for my needs. They walked me through every...
Fantastic experience working with Milad and his staff at loan goat. Closed both of my loans in less than 10 days. Best hard money lender hands down in San Diego
I recently completed a bridge cash-out refinance from a private lender through Loan Goat and I cannot say enough good things about the experience. As a borrower in New York - one of the most attorney-heavy and regulation-intensive states - the...
I recently worked with Loan Goat, and my experience was fantastic. From start to finish, the team was attentive, knowledgeable, and genuinely interested in helping me find the best loan options for my needs. They walked me through every...
© QUESTIONS 5 ANSWERS
Interest only payments are published on this card, so the monthly payment covers interest and the principal balance stays where it started until the loan is paid off at the exit. It is the smallest monthly carry the structure allows over a one or two year term.
The card publishes up to two 6 month extensions, with the loan required to be current. That is the only extension language on any Loan Goat bridge card, and it is what makes an 11-month term workable when a permanent loan slips.
The occupancy line on this card reads "Owner occupied and non-owner occupied", and owner occupied OK is published as a benefit. Owner-occupied lending is regulated differently from investment lending, so the specific file is confirmed with a lending advisor before terms are issued.
650, the floor across the bridge program. Above it, a credit event is weighed against the equity rather than ruled out, and the hard money residential bridge is the structure built for that file.
Up to $25,000,000 on a business purpose file. An owner occupied file is consumer purpose, where the program publishes $250,000 to $5,000,000 in CA, OR, UT, AZ, MT and FL. Commercial files go to the small balance or large balance structures.
© LOAN REQUEST 2 MINUTES
The loan information form with Bridge Loans already selected. A lending advisor from our firm will reach out. Or just give us a call now: (619) 617-2797.
