Large Loans are generally used as acquisition financing for real estate that is not qualified for permanent, long-term financing. Large loans may also be used for the refinancing, repositioning or re-tenanting of owned property. Bristol has unique correspondent relationships with numerous creditable, institutional Large Loan sources. These lenders are greatly resourceful and innovative in Large Loan structuring.
Qualifying types of real estate include:
Non-specific details of Large Loan parameters include:
- Leverage to 90% LTV
- Rates from +/-4.5%
- Expeditious/Efficient Turnaround - Time Sensitive
- Fast Approvals
- Story/Situation Lending
- Discounting Existing Debt
- Acquiring Discounted Loans
Most important is the lenders ability to exit the Bridge Loan through conventional mortgage sources, such as Fannie Mae, Freddie Mac, CMBS, Life Co., Traditional Bank.
Bristol is seeking Large or Repositioning Loans over $15 Million placed through highly qualified funding sources.