Bridge Loans
Clients frequently utilize our bridge loan product for situations requiring creative, decisive and rapid execution such as time-sensitive real estate acquisitions, unanticipated expenses, cost overruns and short-term business needs. ABU Cluster Funds LLC has nearly two decades of proven expertise delivering customized financing solutions for hundreds of clients.
ABU Cluster Funds LLC offers financing for:
- Acquisition and refinancing
- Stabilized and non-stabilized properties
- All major property types including residential, multi-family, office, industrial, retail, warehouse, hotel, parking and restaurants
Loan Details
- Amount: $1-10 million
- Term: 12-18 months
- LTV: Maximum of 70%
- Commitment Fee: 1-5%, varies by transaction
- Interest: 10%+
- Security: First mortgage or other customary collateral
- Other: Recourse, Interest-only