BRIDGE LOANS

Direct Lending

ICS offers bridge financing directly on a national level ranging from $100k to $50MM through our Life Company Capital Fund. ICS Bridge Loans are fixed for 1 to 3-years with interest only amortization. Loan is due at the end of the 1 to 3-year loan term. No prepayment penalty. Eligible properties include multifamily 5+ units, 1-4 unit residential, office, retail, industrial, manufactured housing, self-storage, hotels, marinas, and healthcare. ICS Bridge Loans are short-term interim loans designed for properties needing stabilization, lease-up, and/or rehab prior to securing long-term financing or disposition.

Starting at 5.99%

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1 to 3-Year Fixed Interest Only Bridge Loan

Max LTV: 65% to 75% | Min Credit: N/A

RATE RANGE

$5MM+ Starting at 5.99%

$100K to $5MM 6.5% to 9%

Rates are adjusted based on LTV.

PURPROSE

Non-Conforming Bridge Loans are for borrowers intending to hold the property for 1 to 3-years before selling or refinancing. Income producing properties have more flexible DSCR requirements than FLEX and Conforming loans.

RECOURSE

Recourse and Non-Recourse options available.

PREPAYMENT PENALTY

No prepayment penalty in most cases.

LOAN LIMITS

$100k to $50MM+

CLOSING

Less than 30 days. Many Bridge Loans can be closed in 7 to 21-days.

RESERVES

N/A

NET WORTH

A strong schedule of real estate owned is important but not required.

LOAN TERMS & AMORTIZATION

All Property Types: 1 to 3-year terms, interest only.

CREDIT SCORE REQUIREMENTS

No minimum credit score requirement

OPERATING INCOME - SEASONING

N/A

DOCUMENT REQUIREMENTS

  • FULL or LITE-DOC UNDERWRITING
  • Rent Roll (if applicable)
  • P&L / Last 12 to 24-months (if applicable)
  • Borrower 1003 or Personal Financial Statement
  • Schedule Real Estate Owned
  • Bank Statement(s) Verifying Down Payment/Reserves
  • Minimum 3 Quality Property Photos
  • No tax return options