ALTloan takes a common sense approach to underwriting short term 1st & 2nd TD Bridge Loans for Real Estate Investors. Each Property and Borrower is weighed on its own merits. Our goal is to help our Borrowers exit each loan transaction successfully and to mitigate risks for our Investors. We mitigate risks with credit grading and deferred maintenance guidelines.
ALTloan's Bridge Loans are short term transitional financing for investment purposes (i.e. borrowers managing their own improvements and/or deferred maintenance, stabilizing the property’s income, getting cash-out for business and other
|Geographic Restrictions||TRID States: California Only (ALTloan is licencsed with the CA BRE) Non-TRID States:|
|Property Types||SFR, 2-4 Units, Condominium, Multi-Family 5+, Mixed Use|
|Loan Amount Restrictions||
|Payment Penalties||None (see minimum interest above)|
|Occupancy||Non-Owner Occupied Only or Entity Occupied|