Global Bridge Holdings

About Global Bridge Holdings

Global Bridge Holdings is a private money lender in Tampa, FL offering funding throughout Florida. They offer hard money loans for commercial properties and fix and flip hard money loans. They provide terms between 1 year and 2 years and loans with a maximum LTV of 70%. They offer loans on numerous property types, including single family homes, multi-family units, office buildings, retail units, industrial buildings, mixed use spaces, apartments, warehouse spaces, and raw land.

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

Property Types Covered: Single Family, Multi Family, Office, Retail, Industrial, Mixed Use, Apartment, Warehouse, Land

Areas Served: FL

Lending Guidelines for Global Bridge Holdings

Below are the general loan guidelines published on the Global Bridge Holdings 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 Global Bridge Holdings.

Loan Example 1

Janet closes on a $240,000 renovation project in Miami, FL, using a fix and flip loan from Global Bridge Holdings. The borrower will need to contribute 50% of the purchase price in cash to the closing based on a 50% loan-to-value set by the lending company. This makes the principle amount from Global Bridge Holdings $120,000. The terms of the loan dictate a 11% note for 18 months. They also require a 1 point origination fee, which will also have to be paid when the property closes.

According to the terms of the note, Janet will need to contribute a $1,200 origination fee plus 50% of the purchase price, or $120,000, since there is a 50% LTV. After the loan is closed and Janet takes the project, she will need to begin making monthly payments of $1,100 to Global Bridge Holdings ($120,000 principle x 11% / 12 months). Assuming Janet sells the renovated project for $324,000 at the end of the 18 month term, her total profit (not including renovation expenses) would be $63,000. This is calculated by taking the sales price ($324,000) and subtracting the original note amount ($120,000), the origination fee ($1,200), the money she contributed to closing ($120,000), and the total interest payments ($19,800).

Loan Example 2

Tony takes a fix and flip loan from Global Bridge Holdings so he can renovate a property to resell in Miami, FL. The loan has the following parameters:

a) A $380,000 purchase price, b) a 65% loan-to-value (LTV), c) a 18 month term, d) a 9% interest rate, and e) a 2% origination fee.

Assuming a $570,000 sales price at the end of the 18 month term, the numbers for the project would look like this:

$570,000 sales price
- $247,000 principle (65% LTV)
- $133,000 cash paid at closing (35% on 65% LTV)
- $4,940 origination fee (2% of the $247,000 principle)
- $33,345 interest payments (18 months x 9% interest)
-----------------------
= $151,715 gross profit (does not include taxes or renovation costs)

No Reviews Yet

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

Write a Review for Global Bridge Holdings