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INITIAL DOCUMENTATION CHECKLIST
- Broker Submission Form
- Loan Application
- 3 Months Complete Bank Statements
- Photocopy of Valid ID
- LLC/Corp/Trust Docs (if applicable)
- If Purchase – Purchase Contract
If Refinance – Mortgage Statement
If Leased – Lease Agreement - Declaration of Non-Owner Occupancy
- Letter of Experience & Explanation
- Escrow Contact Info
- Insurance Declaration Page
COMMERCIAL REAL ESTATE BRIDGE LOANS – Table Funding
CRE Bridge Loan product is tailored to owners and investors who require speed, creativity and certainty of execution.
Markets: National.
Size: Single loans – $500k to $18 million
Term: 12-36 months
Recourse: Full
Asset Classes: All considered, other than land and special purpose.
Pricing: 8.99%-9.99%
Fees: $5000.00 or Two Points, the lesser amount.
Prepayment: Negotiable
LTV: Generally up to 65% In certain markets Ltv can be 70%.
Closing Time: Generally within 30 days
TARGETED LOANS
• Time Sensitive Closings
• Discounted Note Payoffs
• Partner Buyouts
• Credit Impaired Borrowers
• Limited Environmental Issues
• Value-Add / Transitional
• Non-Stabilized Properties
• Acquisitions / Refinances
• Investor / Owner Occupied
Become an affiliate
MMIFL is looking to be the primary source of funding for BRIDGE loans. Brokers are our partners in achieving solutions when it comes to our INVESTOR clients. Call Ben Soifer directly if you would like to be one of our broker affiliates.