Bridge Loan Parameters


Legacy believes in making sure you have all the data possible to make informed decisions about your properties. Please find our key lending terms below.

General Guidelines


  • Property Types: Multifamily 5+ units for example: Condos, Apartment Buildings, Dormitories/Group Quarters
  • Loan Purpose: Purchase & Refinancing or existing stabilized buildings
  • Quality: Class A, Class B, C, D
  • Location: California & Nevada in primary and secondary markets
  • Borrowing Entity: Single Purpose Entity
  • Loan Amount: Individual properties from $75K – $30M, Multi-property pools up to $200M
  • Loan-to-Value: Up to 75% (typical LTV is 65 – 70%) Stretch LTVs up to 80% considered on a deal-by-deal basis

General Guidelines


  • DSCR: No minimum
  • Loan Term: 3, 5, 7 years
  • Amortization: Up to 30 years
  • Recourse: Non-recourse to key principals with standard bad act carve-outs
  • Origination Fees: 1% – 3%, Determined by quality of property, strength of sponsor, and loan characteristics
  • Rate Type: Fixed or floating
  • Interest Rate: Interest-only rates Competitive with banks CMBS mortgage constants
  • Reserves: An amount as determined by applicant and Legacy Home Loans
  • Additional Loan Amounts for Capex & TI/LCs: Future funding available, and future funding of up to 100% for lease- up cost
  • Prepayment: Loan can be prepaid at any time. A reasonable minimum interest period aligned with each Borrower’s specific business plan is typically required

For any questions or needs that you have that are not addressed within these lending terms, please contact us by phone or email or call (702)-680-0832, ask for Davy Registe.