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
Non-bank bridge lender
5-100 Units
$500k-$10MM Loan Amount
Max 75% LTV / LTC
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
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

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

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