Kennedy Funding Bridge Lender -Bridge Loan Criteria


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Criteria

TERM:
Flexible loan term from 1 to 3 years.
PREPAYMENT:
No prepayment penalties.
USE OF PROCEEDS:
Loans are made for business purposes only.
LOAN TO VALUE:
Loan amounts can be up to 50-65% of the disposition value of the collateral, based on the estimated cash sale price given a 180 day marketing time. If the loan is used for renovation or construction, the loan amount can be based on the improved value, and would be disbursed in stages as work progresses.
RATES:
Rates vary from 12-21% per annum, interest only, depending upon collateral and loan structure.
FEES:
In lieu of equity participation, fees of 3-10%(U.S. only) of the loan amount may be included in the loan.
LOAN SIZE:
From $1 Million to $100+ Million nationally. Must be at least $5 Million for international loans.
COLLATERAL:
Real estate and other fixed or liquid assets.

For Loan Proposal Sheet click here

For a Loan Proposal Summary please E-mail or call
Kennedy Funding at 1 800-342-8500 or Fax: 201.342.8373