Commercial Bridge Loan Program

Fast & Reliable Funding for your Most Urgent Financing Needs
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Commercial 
Bridge Loan Program

A "Commercial Bridge" loan is a short-term loan used to purchase or refinance a property quickly in order to take advantage of a short-term opportunity, accommodate an urgent closing, or bridge the gap until permanent financing is available. A Commercial Bridge Loan is a great fit in the following situations:
  • Unique acquisition situations requiring non-conventional financing such as a foreclosure sale or REO
  • Sale & Leaseback Scenarios needing a quick closing
  • Distressed Sales, IRS Liens, Bankruptcy Resolutions, Debt Consolidation
  • Partner Equity Buyouts
  • Mortgage Acquisitions and Discounted Mortgage Buybacks
  • Rehab & Conversion opportunities which require property stabilization before permanent financing can be obtained
At World's Fair Capital, our commercial bridge loans close quickly... in as little as 7-14 days at rates starting at 11.49%! Our commercial bridge loans require NO personal income verification and very little documentation instead the underwriting is primarily based on the property itself! 

Our Commercial Bridge loans are a great way to purchase or refinance a commercial asset which needs a quick closing without the extensive underwriting associated with traditional bank financing. 

Our commercial bridge loan program provides you with the ability to close quickly by using a reliable & experienced lender as your financing partner. and very little documentation!

Program Overview

Loan Amount:                  $1,000,000 - $100 Million


Term Length:                    6 - 36 months


Max LTV:                           Up to 75%


Amortization:                    Interest only


Interest Rate:                    Starting at 11.49%


Closing Time:                    7 - 14 Days 


Use:                                   Purchase, refinance, cash-                                                 out, construction, and                                                         renovation

Pro's About
Commercial Bridge Loans:

  • Flexibility
  • Quick closing in 10 - 17 Days
  • Interest-only or Full Amoritization
  • Wide range of property types
  • 650 Minimum Credit Requirement
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What Do I Need To Qualify?

  • Simple... Equity in the property!
  • Origination Fee: 1.00% - 2.50% of the loan amount
  • Underwriting Fee: $1,495 - $1,995
  • Legal Fee: $1,495
  • Prepayment Penalties: Minimum of 3 Years (Declining: 3%, 2%, 1% Structure)


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Eligible Properties for Commercial Bridge Loans


Single Family

Single Family is classified as one to four-unit residential use dwellings including condominium, P.U.D., townhomes, duplex’s, triplex’s, and quadplex’s. At World's Fair Capital, we will lend to real estate investors and entities looking to purchase, refinance, fix & flip, or buy to rent from $75,000+.


Multi Family

Multi-family is a classification of housing where multiple units (5+) for residential use are contained within one or more buildings within one community or complex. At World's Fair Capital, we will lend to real estate investors looking to purchase or refinance multi-family properties with loan amounts of $250,000+.


Mixed Use

Mixed-use is a type of development that blends residential and commercial uses into one integrated complex or building. At World's Fair Capital, we will lend to real estate investors in the following scenarios: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out on mixed use projects with loan amounts from $250,000+.


Other eligible properties include: Self storage, senior housing, marinas, parking facilities, automotive


Common uses include: Acquisition, refinance, cash-out, renovation / construction



Retail

Retail is any property used for commercial retail space such as a storefront for selling goods or services. World's Fair Capital will lend to real estate investors and business owners who are looking for a loan for: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out from $250,000+.


Office

Office is a property classification which generates income from tenants comprised of businesses and professionals. World's Fair Capital will lend to real estate investors and business owners who are looking for a loan for: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out from $250,000+.


Hospitality

World's Fair Capital will lend to experienced operators with a flag in the hotel and lodging sector. Loan amounts are $500,000+.




Required Documents for Closing

Property Documents



  • Purchase Contract
  • Payoff Statement (if Refinance)
  • Rent Roll & Leases 
  • Renovation Budget (if Rehab)


Personal Documents



  • Loan Application 
  • Track Record / Experience / SREO
  • Last Month's Bank Statement
  • Drivers License and/or Passport


Business  Documents



  • Articles of Incorporation
  • Operating Agreement (LLC) or Bylaws (Corp.)
  • EIN Letter



Benefits of our Commercial Loans:


  • No Income Documentation Required
  • 650+ Minimum Credit Requirement
  • Quick Closing 10-17 Days 
  • Rates Starting at 6.35%
  • DSCR of 1.00 at Closing & 1.20 at Stabilization
  • 1.00% - 2.00% Lender Fee


Loan Fees and Costs


  • Origination Fee: 1.50% + of the loan amount
  • Processing Fee: Based on Project Size
  • Underwriting Fee:
  •  Based on Project Size


Prepayment Penalties


  • None! (3+ months of minimum interest earned)