Bridge Lending Group

About Bridge Lending Group

Bridge Lending Group is a private money lender in Jacksonville, FL offering funding in Jacksonville. They offer lending solutions for a variety of situations, including commercial loans, construction loans, short term bridge loans, and fix and flip hard money loans. Their loan parameters are versatile, including loan amounts ranging from $100,000 to $1,000,000 with a maximum LTV of 50% and terms between 1 year and 2 years. They provide loans on most property types, including single family residences, multi-family units, apartment buildings, office units, retail storefronts, hotels, storage facilities, assisted living communities, mixed use, warehouse spaces, industrial facilities, medical offices, and undeveloped land.

Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical, Land

Areas Served: Jacksonville

Lending Guidelines for Bridge Lending Group

Below are the general loan guidelines published on the Bridge Lending Group website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Bridge Lending Group.

Loan Example 1

Edgar closes on a $250,000 rehab project in Jacksonville, FL, using a hard money loan from Bridge Lending Group. As the lender sets a 85% loan-to-value, Edgar will be required to put 15% down and the amount of the note will be $212,500. The terms of the note also include a two point origination fee that will be paid at the closing and a 18 month, interest only note with a 13% rate of interest.

On top of the $4,250 origination fee, Edgar will also need to fund $37,500 of the purchase with his own cash, or 15% of the sales price. After the loan is closed and Edgar takes on the project, he will need to begin making payments each month of $2,302 to Bridge Lending Group ($212,500 principle x 13% / 12 months). At the end of the note, he sells the renovated property for $300,000. After deducting the $41,438 in interest expenses ($2,302 times 18 months), the $4,250 origination fee, the $212,500 principle amount on the note, and the $37,500 he contributed to the closing, he will earn a total profit of $4,313 ($300,000 price minus $295,688 in total costs). This profit would then be reduced by any rehab costs paid by Edgar.

Loan Example 2

Martina takes a fix and flip loan from Bridge Lending Group so she can rehab a townhome to resell in Jacksonville, FL. The loan has the following terms:

a) A $250,000 sales price, b) a 80% loan to value (LTV), c) a 12 month term, d) a 10% interest rate, and e) a 3% origination fee.

Once the renovation project is finished, if Martina sells the project for $362,500, the numbers would be as follows:

$362,500 sales price
- $200,000 principle on note (80% LTV)
- $50,000 cash paid at closing (20% on 80% LTV)
- $6,000 origination points (3% of the $200,000 principle)
- $20,000 total interest paid (12 months x 10% interest)
-----------------------
= $86,500 total profit (doesn't include taxes or rehab costs)

No Reviews Yet

Bridge Lending Group currently has no reviews. To add a review now, click the link below:

Write a Review for Bridge Lending Group