Commercial Loans

Our commercial bridge loan is designed for investors seeking maximum leverage on a value-add investment. We typically close within 30 days, dependent upon appraisal timing. PIL will loan up to 100% of hard cost (purchase + renovation) with a limit of 70% of appraised stabilized value or ARV. Loan term is twelve (12) months with a six (6) month extension available for a 1% fee. Loans can be paid off at any time without additional fees or penalties.

Commercial Bridge Loan Rates & Terms
Loan Amount 70% of ARV
Origination Fee 2-3% of loan amount (payable at closing)
Interest Rate 10.5-12% interest rate
Pre-Payment Penalty None
Term 12 months (extensions available)
Liquity Requirements 10-20% of the loan amount
Commercial Mini-Perm Loan Rates & Terms
Loan Amount 70% of Market Value
Origination Fee 3% of loan amount (payable at closing)
Interest Rate 11 - 12% interest rate
Amortization 20-year amortization
Pre-Payment Penalty None
Term 60 months (5-year) with a balloon
*Excluding title, insurance, legal, etc.
Qualifications & Requirements Lender Specific Closing Costs
620+ Credit Score $450 Processing Fee
3 Months Bank/Investment Statements $350 Administration Fee
Liquidity = 20% Loan Amount on No-Cashflow Assets $50 Wire/Courier Fee
Two Years Tax Returns
Completed PIL Loan Application

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