RECENTLY FUNDED
Single-Family Bridge Loan
$2.5M Single Family Loan Los Angeles , CA
- 12 Months Terms
- Up to 75% LTV
- Rates from 9.95%
Insignia Capital recently funded a $2.5M bridge loan for a professional property rehab client in Los Angeles.The property, valued at $3.33 million, required immediate funding for acquisition and renovation.The 12-month term provides the borrower with sufficient time to execute their plans and repay the loan.
What Does ‘Up to 75% LTV’ Mean?
The Loan-to-Value (LTV) ratio represents the percentage of a property’s value that the lender is willing to finance. In this case, Insignia Capital was prepared to finance up to 75% of the appraised value. For example, with a property appraised at $1.6 million, the maximum loan amount would be $1.2 million (75% of $1.6M).
Key Considerations for Bridge Loans:
- Bridge loans offer short-term financing solutions for immediate needs.
- Terms, interest rates, and fees may vary based on borrower circumstances and lender requirements.
- Due to the nature of bridge loans, they often come with higher interest rates and fees compared to traditional financing.
For more information on our rates and programs, please contact Insignia Capital.
Disclaimer: Opinions are those of the author. Consult your CPA or financial advisor for personalized advice.
Disclaimer: Opinions are those of the author. Consult your CPA or financial advisor for personalized advice.
