Bridge Loan Program
Rates Starting At 9.75%Loan Amount
$75,000 – $5,000,000
Maximum Loan to Cost
Up to 85% LTC
Maximum Loan to Value
Up to 80% LTV
Term Length
6 – 24 Month Term
Further Extensions Allowed at Lender’s Discretion
Rates
9.75% – 15%
Minimum Credit
660
Prepayment Penalty
None
Minimum Experience
1+ Experience Required
Bridge
Loan Details
Paramount Capital Lending focuses on residential real estate and is able to fund a variety of properties across 42 states, including the following types of investment properties:.
- Single-Family (1-4 Unit)
- Multi-Family (5-30 Unit)
- Townhomes
- Condominiums
- Planned Unit Developments (PUD)
Paramount Capital Lending simplifies the closing process by eliminating junk fees and offering clear, straightforward pricing.
- Underwriting and Due Diligence Fee: $1,500.00
- Attorney Document and Preparation Review: $995.00
- Third-Party Appraisal: $700.00 – $1,400.00
- Origination Fee: 1% – 2%
You’ll appreciate the simplicity of closing with Paramount Capital Lending, thanks to our straightforward underwriting process. To expedite your application, here are the key items you’ll need to gather:
- Credit and Background Check
- Purchase Agreement (If Applicable)
- Project Budget/Scope of Work
- Track Record
- Borrowing Entity Documents
What Are
Bridge Loans
Bridge loans in are short-term financing solutions designed to provide immediate funding for borrowers who need quick capital to bridge the gap between two transactions or funds needed to finish existing renovations.
Lending Made Simple
1. Contact us to obtain your conditional loan approval.
2. Once approved, we will take care of processing and underwriting your loan.
3. You can receive funding for standard loans in as little as 10 business days.
