Stabilized Bridge
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Stabilized Bridge
Rates Starting at 8.75%
Marcus Mae Makes Bridge Loans Easy
Marcus Mae's new Stabilized Bridge provides flexible short term loans for your customers stabilized properties
No DSCR
MAXIMUM LOAN-TO-COST
85% of purchase price + verified completed capex if property owned < 6 months
MAXIMUM LOAN-TO-VALUE
70% LTV
MINIMUM DSCR
N/A
MINIMUM FICO
660
PURPOSE
To provide bridge financing on a property that was recently renovated or constructed and is currently/soon to be listed for sale
LOAN AMOUNT
Min: $50,000
Max: $3,000,000
Max: $3,000,000
TERM LENGTH
12 months
PROPERTY TYPES
Single family/2-4
unit/Townhomes/PUD/Warrantable condos
unit/Townhomes/PUD/Warrantable condos
PROPERTY CONDITION
C2 or better
COLLATERAL RESTRICTIONS
Property value within 90th percentile of market
No rural, exotic, or unique properties
No rural, exotic, or unique properties
DSCR Exit
MAXIMUM LOAN-TO-COST
85% of purchase price + verified completed capex if property owned < 6 months
MAXIMUM LOAN-TO-VALUE
70% LTV
MINIMUM DSCR
1.10 exit DSCR based on lower of in place rent and market rent
MINIMUM FICO
660
PURPOSE
To provide bridge financing on a property that is currently rented or soon to be rented, but is not yet ready for permanent financing
LOAN AMOUNT
Min: $50,000
Max: $3,000,000
Max: $3,000,000
TERM LENGTH
12 months
PROPERTY TYPES
Single family/2-4
unit/Townhomes/PUD/Warrantable condos
unit/Townhomes/PUD/Warrantable condos
PROPERTY TYPES
C4 or better with no deferred maintenance
COLLATERAL RESTRICTIONS
No rural, exotic, or unique properties