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Loan Requirements

Residential Bridge Loan

  • Residential single-family 1-4 properties
  • Non-owner occupied properties, investor only
  • All loans secured by first trust deeds
  • Borrower must be LLC or corporation
  • All projects must include value-add rehabilitation
  • Rehabilitation funds must be verified prior to closing
  • Internal property valuation required
  • $750 Underwriting fee
  • All third party costs due at closing
  • Minimum loan amount $75,000

Rehabilitation Loan

  • Only available with Black Square’s 1st trust deed Bridge Loan
  • Estimated rehabilitation costs must equal between 10% - 30% of the purchase price
  • Minimum loan amount $25,000
  • All points & fees are financed in the loan
  • No out of pocket costs required
  • $500 Processing fee
  • Periodic construction draws
  • Licensed contractors required

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