Qualifications

Among the most active bridge loan lenders in the country, Porter Bridge Loan Company will customize a bridge loan package to meet your business’s precise needs.

Porter Capital Bridge Loan Guidelines:

Loans typically range between $250,000 to $3,000,000.
Acceptable collateral includes real estate, publicly traded stock, machinery and equipment, royalties, and accounts receivable.
Terms can range from 90 days to 12 months.
Rates range from 1.00% to 1.50% per month, with the borrower typically paying points as origination and underwriting fees.
In some cases, interest, fees, and points can be included in the loan.
All loans are based on a Loan-to-Value Ratio that’s up to 50% of the quick-sale value of the collateral, with raw land and empty building limited to less.
Bank workouts, foreclosures, bankruptcies, purchases and bankruptcy financing are all acceptable, as are other kinds of complex funding.

Getting your loan funded

Simply call us and tell us what you need. Generally, we’ll tell you immediately if we think we can help. If we can, we’ll gather additional details and issue you a written proposal within days. At that point, if you wish to proceed, we ask for an expense deposit to cover legal fees, due diligence, and title work. If you decide to decline our offer, we keep the deposit. If we are unable to close for any reason, we return the deposit minus our out-of-pocket expenses.

Because we’ve minimized the paperwork involved in our lending process we can meet our clients’ tight financial deadlines. In fact, short-form appraisals are usually accepted. In many cases our insurance carrier will provide us with environmental insurance coverage, eliminating the need for you to complete a Phase II environmental report.

Throughout this brief process, a Porter Bridge Loan representative will work closely with you to keep you informed. The end result is that you get the service you want, the funding you need, when you need it.