Loan Size: | $500,000 to $7,000,000 (Limits up to $10,000,000 for select opportunities and borrowers) |
Location: | Dynamic markets in the Southeastern United States and Texas |
Collateral: | First mortgage loans (select mezzanine and equity opportunities will be entertained on a case-by-case basis) |
Terms: | Typically 6 to 18 months with extensions available to 24 months |
Lockouts: | Vesta has no lockout provisions in our loan, although minimum interest periods are often incorporated |
LTV: | Up to 50% to 70% of current market value |
Due Diligence: | A nominal, refundable deposit is required to begin the due diligence process. This deposit covers third party costs such as appraisal, site visit, legal costs, etc. Any unused portion is returned to the borrower. |
Property Types: | All property types considered |
To submit your financing opportunity or to learn more about Vesta’s bridge lending program, please contact:
George W Kruse
george.kruse@vestaequity.com
Jay Ockman
jay.ockman@vestaequity.com
Please call 941.388.0588 to speak with someone directly.