BROKER INFORMATION AND RESOURCES
Hard Money Lender | Equity based Lender | Asset based Lender | Private Money Lender
Call it what you like, but one thing is certain - loan approval is only 3 STEPS AWAY with a simple (1) Loan Application, (2) Credit Report and (3) Appraisal. Speed, service and integrity coupled with same day underwriting and average loan closings in less than 10 days, equate to a great partnership.
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Program Highlights
.: Commercial, Residential, and Specialty Financing
.: No FICO Underwriting
.: ARMs, HELOCs, Bridge Programs
.: Stated Income/Stated Asset Programs
.: Bankruptcy Buyouts
.: Foreclosure Bailouts
.: Interest Only Programs
.: No Seasoning or Cash-Out Limitations
.: Cross-Collateral Options Available
.: Loan Amounts: $30,000 to $10,000,000
.: Up To 30 Year Loan Terms
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LOAN SUBMISSION
RATE SHEETS
BROKER APPLICATION PACKAGE
SPEAK WITH AN AE RIGHT NOW
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Our underwriting decision is based on a four principle approach:
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LTV/APPRAISAL
We rely heavily on the appraisal for our underwriting decision. All appraisals must be completed by an approved appraiser, in the name of Bridgelock Capital and include a minimum of 5 interior photos – one of each room. If one of these conditions is not met, we will require an appraisal review to be paid by the borrower.
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ABILITY TO SERVICE DEBT
Although most of our loans are stated income, we do require that the borrower disclose their income from all sources. The stated income must be reasonable for their line of work. At times, we may require a handwritten income letter at the time of signing to ensure that the borrower is stating their correct income.
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CLEAN TITLE
All liens of record need to be satisfied in full and prefer to have all collections and past dues paid through escrow. The preliminary title report, title insurance and the loan closing must be completed by a Bridgelock Capital approved agent.
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LOAN STORY
Please provide us a summary “loan story” explaining all derogatory items on their credit report as well as how the proceeds of the new loan will benefit the borrower. All loans must be in compliance with the applicable state and federal regulatory disclosure lending laws.
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BORROWER TYPES
- Individuals
- Estate and /or Properties in Probate
- Trusts
- Corporations
- Combine Multiple Borrowers or Multiple
Entities in a Single Transaction
- Partnerships
- LLC's
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ELIGIBLE PROPERTIES
- Single Family Residential
- Condos, PUD’s, Townhomes
- Multi-family
- Office
- Retail
- Industrial
- Mixed Use
- Health Care
- Places of Worship
- RV / Mobile Home Park
- Special Purpose
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