Southern
Bridge
Flexible Loan Products for Affordable Housing Development
Short-term capital to bridge timing of committed subsidy or long-term financing.
| Bridge | Bridge |
|---|---|
| Purpose | Short-term funds to bridge timing of committed subsidy or long-term financing |
| Loan Amounts | Up to $15MM |
| Term | Up to 36 months |
| LTV | Up to 90% |
| Repayment | Monthly interest only |
| Commitment Fee | Determined on a case-by-case basis |
| Application Fee | $2,000 |
| Collateral | 1st lien security interest |
| Legal | Paid by borrower |
Bridge
- Purpose
- Short-term funds to bridge timing of committed subsidy or long-term financing
- Loan Amounts
- Up to $15MM
- Term
- Up to 36 months
- LTV
- Up to 90%
- Repayment
- Monthly interest only
- Commitment Fee
- Determined on a case-by-case basis
- Application Fee
- $2,000
- Collateral
- 1st lien security interest
- Legal
- Paid by borrower
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