If you’re looking for a ready solution to access capital to purchase, renovate, or refinance properties, then Amida Lending can solve your needs with our various types of Bridge Loans.
BRIDGE LOANS:
Purpose: Purchase, Refinance, Renovation & Construction
Term Length: Short term: 6–24 Months (exceptions on a case by case basis)
Leverage: Up to 90% LTC; up to 75% LTV; up to 75% ARV
Loan Size: $50K – $10M+
Interest Rate: 10% – 14%
No prepayment penalties. Interest reserves depending on qualification. Interest partially or wholly deferred depending on qualification.
Are you looking to purchase and fix-up a home that you believe has untapped value? Our short-term Fix & Flip loans let you close quickly so you can get to work on renovations immediately to untap the true value of the property.
FIX AND FLIP:
Purpose: Purchase, Refinance + Renovations
Term Length: Short term: 6–36 Months (exceptions on a case by case basis)
Leverage: Up to 90% LTC; up to 75% LTV; up to 75% ARV
Loan Size: $50K – $10M
Interest Rate: 10% – 14%
No prepayment penalties. Interest reserves depending on qualification. Interest partially or wholly deferred depending on qualification.
Own a property you’re not quite ready to sell or want to hold in your portfolio long-term? Amida Lending can provide you with the liquidity you need to purchase another project, complete an existing project, or tap into the equity in your property that you’ve been sitting on.
CASH-OUT REFINANCING:
Purpose: Refinance, Provide Liquidity
Term Length: 6-24 Months (exceptions on a case by case basis)
Leverage: Up to 80% LTV
Loan Size: $50K – $10M+
Interest Rate: 10% – 14%
No prepayment penalties. Interest reserves depending on qualification.
Our ground-up construction loans can be used to cover the cost of new construction, spec homes, or the addition of square footage or structures to an existing home or property.
GROUND-UP CONSTRUCTION:
Purpose: Lot purchase and build new or purchase; tear down and build new
Term Length: Short term: 6–24 months
Leverage: Up to 75% of purchase on entitled land; up to 90% LTC; up to 75% ARV
Loan Size: $100K – $10M+
Interest Rate: 10% – 14%
No prepayment penalties. Interest reserves depending on qualification. Interest partially or wholly deferred depending on qualification.
Looking to develop or renovate a multi-family property? Talk to us about our short-term and long-term financing options.
MULTI-FAMILY:
Purpose: Purchase, Refinance, Renovate to Raise Rents, or Refinance with Cash-Out
Term Length: 6-24 Months (exceptions on a case by case basis)
Leverage: Up to 80% LTV
Loan Size: $50k – $10M+
Interest Rate: 10% – 14%
Pre-payment penalty – based on loan product
Also known as “flash funding” or “same-day funding”, transactional funding is a borrowing process where an investor borrows short-term capital to close a deal. In order to qualify, the borrower must provide signed and executed contracts from both the seller and qualified end buyer.
SINGLE & MULTI-FAMILY:
Purpose: Wholesale/Assignment
Term Length: 1-30 Days (exceptions on a case by case basis)
Leverage: Up to 100% LTV
Loan Size: $50k – $10M+
Interest Rate: Variable Rate (Inquire for Further Information)
Interested in working with Amida Lending? Fill out an application below for our team to review.
Amida Lending is not a chartered bank or trust company, or depository institution. Amida Lending is not authorized to accept deposits or trust accounts, nor licensed or regulated by any state or federal banking authority. Amida Lending makes commercial, business purpose loans. Loans are for investment purposes only and not for personal, family, or household use. Loan product availability may be limited in certain states. Nothing contained in this site can be construed to be a commitment to lend. All loans are subject to borrower underwriting, asset underwriting and credit approval, in Amida Lending's sole and absolute discretion. Other restrictions apply. Specific facts and circumstances of each proposed loan affect whether Amida Lending may be authorized to make loan in a particular state.