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Commercial Bridge Loans

Mid-Island Mortgage Corp. is pleased to offer bridge loans to facilitate the financing of a property for a short period of time. A bridge loan is the perfect loan product when you're expecting to sell or refinance within the near future. Contact Mid-Island Mortgage Corp. for bridge loans to finance your mixed-use, multi-family, industrial, business or commercial property.

 

 

Bridge Loan Details
Lending Area:  Nationwide
Loan Amounts:  $250,000.00
minimum
Max LTV:  70% loan to value
DSCR:  1.20X debt service
coverage ratio
Credit Scores:  Average FICO score
of 660 or above.
Lower credit scores
will be considered with corresponding rate
adjustments
Origination Fee:  Mid-Island Mortgage
does not charge
Origination Fees
Interest Only:  Available for
short terms only


 
     
Equal Housing Opportunity

Get started today! Contact Stephen Riley, Mid-Island Commercial Director at 781-722-1704

about Mid-Island Mortgage Corp | Multi-Family Loans | Mixed-Use Loans | SBA Loans | Bridge Loans

Mid-Island Mortgage Corp. | 900 Merchants Concourse | Westbury | New York | 11590

Licensed Mortgage Banker-NYS Department of Financial Services; MA Licensed Mortgage Lender/Broker #MC1259; Licensed by the NH Banking Department; RI Licensed Lender/Broker; Licensed by the NJ Department of Banking and Insurance; FL Mortgage Lender/Servicer; Virginia State Corporation Commission #MC-4685; ME Supervised Licensed Lender; Licensed by the PA Department of Banking and Securities; CT, DE, MD & MN Licensed Mortgage Lender; SCBOFI Mortgage Lender/Servicer; Illinois Residential Mortgage Licensee; Licensed with the North Carolina Commissioner of Banks; ND Money Broker; SD Licensed Lender; DC Mortgage Dual Authority Licensee;

(www.nmlsconsumeraccess.org)

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Mid-Island Mortgage Corp. NMLS# 1259

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