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Loan Modification

Questions? 1-858-222-7534
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Credit Facility, Bridge and Rehab Portfolio Lender

Loans for our 3 main programs (secondary and investment properties only):

This loan program is AZ, CA and NV only

BRIDGE No Fico Required

REHAB No Fico Required

Credit Facility

Notes & REO Acquisitions

Terms:  up to 24 months

Min/Max Loan Amounts:  $100,000 - $15,000,000

Must have clean exit strategy

Terms:  up to 18 months

Min/Max Loan Amounts: 
$100,000 - $5,000,000

Must provide cost breakdown

Terms:  up to 12 months

Min/Max:  $500,000 - $100,000,000

True revolving credit facility

Bridge & Rehab No Fico Program Highlights

1st and 2nd Trust Deeds or Cross-Collateralization (Multi-State Available) up to 65% LTV/CLTV with no prepayment penalty.  Loans are typically up to a 1-Year Term Interest-Only payment that adjusts monthly over the index, but longer terms and fixed rates are available upon request.  Programs are available for Multi-Family (stabilized/unstabilized), Mixed Use, Office, Retail, Industrial, Light Industrial and Single-Family Residence as a second home or investment (no owner-occupied).

Credit Facility for Non-Performing Notes and REO Acquisitions Program Highlights

Revolving Credit Facility designed for the acquisition of Notes (performing & non-performing) as well as REOs (bank-owned real estate).  Interest is paid on the outstanding principal balance which can fluctuate daily.  Consider it a credit card for your next Note or REO Acquisition from the bank.

This product is Available for Individuals, Corporations and Trusts

Less Than Perfect Credit Score OK – Our focus is on the exit strategy and ability to repay

Closings as quickly as 3 Days

Other Services Provided Include:

  • Trading and Portfolio Advisory Service Desk – Increase your success by partnering with Bridgelock Capital to help enhance your bid credibility, leveraging our analysis and due diligence experience and obtaining access to our nationwide network of vendors. 
  • Default Loan Servicing – BLC Servicing specializes in curing problematic loans and offering foreclosure prevention counseling and support services to our delinquent borrowers while keeping our investors informed through-out the “hands-on” process
  • Loan Workouts, Modifications, Short Sales and REO Advisory Services – Whether you are currently using BLC Servicing or just need help with your existing portfolio, we are here to assist you.  We offer a true turn-key operation to aid you in managing your non-performing portfolio.

Special notes

This lender provides fast, flexible, asset-based lending for borrowers and/or properties that do not meet conventional underwriting guidelines.  This program is known for our ability to provide complex financial solutions that banks and other portfolio lenders are unable to offer.  This resource is a multifaceted business partner for Banks, Mortgage Brokers, Mortgage Bankers, Hedge Funds, Private Investors, Realtors and General Contractors.  We see this recent credit crisis as a time to show our strength and stability as a direct portfolio lender as well as a time to foster existing and new relationships. 

 

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Credit Resolution/Repair Form

Pre Qualification Form - No Credit Check Required

 Loan Modification - Confidential Resolution Form

 


 

 

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