Types of Properties: Non-Owner occupied residential, multi-family, mixed use, retail, office, industrial, vacant buildings, entitled land, apartment buildings, construction, gas stations, c-stores, warehouse, assisted living facilities etc..
Location: Nationwide (*some restrictions may apply).
Loan Amounts: $150,000 to $100,000,000 +
Interest Rates: 6.875% – 12.00% + interest only (*varies depending on geographic area and risk grade of asset class)
Origination Fee: Varies depending on length of term and risk grade
Loan Maturities: 12 – 36 months (*bridge loan only), no pre-payment penalty. Extensions available* Longer terms available under different programs. *Subject to approval.
Loan to Value: Up to 65% LTV depending on property type. Up to 85% LTV under different programs if qualified.
3rd Party Junior Financing: Permitted or seller-held seconds, case by case.
Closing costs: Standard 3rd party costs, such as appraisal, title, escrow, legal fees, and applications fee(s) any and all points etc.
No income verification for those who qualify. *Certain restrictions apply.
*JVC offers a multitude of other programs besides just Bridge Loans. See menu offerings for details or call the office today to discuss.
*disclaimer – The loan terms and definitions above are in no way a commitment to lend, please do your own research and seek legal counsel when seeking a hard money loan if you are unfamiliar with commercial hard money / private lending practices.