We help our borrower purchase 126 units in Nevada utilizing one our Bridge Loan products. Our loan amount was $3.2M, and it helped the buyer close on this distressed sale quickly. Lantzman Lending is an asset based lender and we typically do not require appraisals which allows us to close quickly and allow our borrowers to make cash offers. You can make quick decisions and aggressive offers to help you win the next deal.
Lantzman Lending lends throughout California.
- Up to 85% of the Purchase Price + 100% of the Rehab Construction Costs, or 65 – 70% ARV
- 1.5 – 3.0 points on most 6-18 month loans
- From 8.49% interest depending on LTV
- Rehab portion of loan held in Fund Control and released on draws (same day release)
- Interest is paid only on drawn amount of loan
- No prepayment penalty, extensions available