BRIDGE LOANS

1st Florida Lending Corp., a registered Mortgage Lender Orlando servicing all of Florida offering over 48 loans programs including Conventional Loans, Non-Conforming Loans, FHA Loans, VA Loans, USDA Loan, Self-Employed Loans, Bank Statement Loans, No-Doc Loans, Reverse Mortgage Loans, ITIN Loans, Rental Investment Loans, to name a few and specializing in Bank Statement Loans or “stated loans” requiring no Tax Return verification and much more. * No broker or lender fees are for FHA,VA, USDA and Conventional loan types Main Office: 2151 Consulate Dr. * Suite 8 * Orlando, FL., 32837 * Telephone (800) 655-1345 * (407) 300-2558 * Fax (877) 401-9955 We are approved lenders for all Government Loans and registered with the Florida Office of Financial Regulation - # MLD106 When Banks Say No ! We Say YES ! ® is a registered trademark owned by 1st Florida Lending Corp.
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Disclaimer: All Loan programs, rates and terms can change without notice and are subject to credit and underwriting approval. Loan charts highlight min/max constraints, assumptions & random scenarios only. We will always work hard to approve your loan but there are no guarantees of any kind expressed or implied that your loan we be approved. © 2007 - 2020 1st Florida Lending Corp. - All rights reserved I Privacy Policy I Terms of Use I
Carlos Matos I Florida Direct Lenders
Its Easy! Fast! and theres No Obligations
• No Income and no Employment Verification • Non-owner Occupied Only • Purchase, Refinance, Cash Out, Rehab • 75-80% LTV • $150K - $5 Million • SFR, 1-4, 5+, Condos • Interest Only Payments • Proof of Funds to Close • No Minimum FICO Requirements
TERMS • 1 Year Bridge Loan - No Pre-Payment Penalty Interest Only payments for 12 month term with balloon payment due at end of term. • 2 Year Bridge Loan - * Pre-Payment Penalty *Interest Only payments for 24 month term with balloon payment due at end of term. The loan has a minimum period of 8 months interest payments
GENERAL GUIDELINES
Non-bank bridge lender
5-100 Units
$500k-$10MM Loan Amount
Max 75% LTV / LTC
Non-recourse
Quick closings 5-20 days
Risk adjusted fixed rate pricing
Proforma underwriting
PROPERTY TYPES LOAN - Multifamily 5-100+ units LOAN AMOUNT - $500K to $10MM AMORTIZATION - Fixed rate, interest only LTC/LTV - Up to 80% Loan to Cost and maximum 75% Loan to Value of stabilized value SPONSOR/BORROWER - Creditworthy individual(s) or entity acceptable to lender with sufficient liquidity and net worth THIRD PARTY DEPOSIT - If applicable: Third Party Deposit Fee to cover actual third party report costs (appraisal, PCA, environmental, seismic and site visit) PROCESSING FEE - $1,500 paid at closing RESERVES • Extensive Rehab Loans/No Rehab Advance: 6 months interest + 100% of rehab budget • Extensive Rehab Loans/Rehab Advance: 6 months interest + 20% of rehab budget • No Rehab Component: 4 months interest ASSUMABLE - No BORROWING ENTITY - LLC, Corporation, Trust (SPE may be required at lenders discretion) RECOURSE - Non-recourse, with the exception of industry standard carve outs PREPAYMENT - 1yr loans: no minimum interest | 2yr loans: 8 months minimum interest | 3yr loans: 12 months minimum interest LOAN TERM - 1, 2 and 3 year loans
MULTIFAMILY BRIDGE LENDING
General Guidelines for 1 and 2 year Bridge Loans BRIDGE LOANS close in 10 to 12 days. This is a great program if you’re under contract and was turned down by your lender and still want to meet your contract deadline to save the property and/or your escrow. Bridge loans are perfect for investors and fix & flip properties

Florida’s Top Rated Mortgage Lender I We are Not Brokers

1st Florida Lending

48 Programs I No RETAIL Brokers Fees I GET QUOTE

800-655-1345 I ALL LOAN INQUIRIES CALL 407-300-2558

Self-Employed Mortgage Loans

Why Choose Us for your No-Income Verification Bridge Loans?

NO DRAMA… NO RED TAPE… NO ENDLESS DOC LOOP WE MAKE PRIVATE LENDING SIMPLE
Fast Approvals Streamlined Underwriting Approval in 24 Hours Close in as little as 7 days
Easy Process No Income Verification No Tax Returns Needed No or Min Credit Required
Reliable Partner 25+ Years of Experience Direct Private Lender