Services
 

Hard Money Loans Criteria and Rates

  • Loan Size: $50,000 to $5,000,000

  • Lending Area: CT

  • Collateral: RESIDENTIAL AND COMMERCIAL PROPERTIES FOR BUSINESS PURPOSES ONLY

  • Interest Rate: 11.5% to 14% Interest Rates vary depending collateral

  • Amortization: Interest Only

  • TERM 1 YEAR

  • LTV: Up to 70%

  • Origination Fee: 3 to 5%

  • Closing time: 5 Days to 1 Month

  • BRIDGE LOANS

If you need additional capital quickly for another project, or if you see an acquisition opportunity that you can’t afford to pass up, then this is the program for you.

This program applies to income producing properties only. Rates are very competitive and require strong borrowers.

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Commercial Real Estate Financing
for Projects of All Sizes

BCCL Commercial Lending specializes in real estate loans ranging from $100,000 to $5 million with unique programs for investors. Most often our borrowers need more flexible options which can include:

Quick Closing

Industry leading closing times which are faster than the competition by entire weeks.

Competitive Pricing

Competitive pricing models designed with “risk based” pricing allowing us to structure deals for applicants from A to D credit profiles.

All Property Types Considered

We finance a wide array of property types including retail, office space, light industrial, multifamily and mixed uses.

Stated Loans

Stated or “light documentation” loans that are underwritten without tax returns.

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REFI out and

Core Program Key Points:

Pricing is risk based calculation based on FICO, property type, LTV, DSCR and other criteria

up to 80% LTV on purchase and cash out for real estate loans both investment

5,7, 15, 20, 25 and 30 year fixed rates available

Amortization 15,20, 25 and 30 years (25 and 30 years most common)

Prepayments include 3,4,5 year and step-downs

Eligible borrowers: US citizens AND permanent resident aliens

owner/user products based on higher FICO or 12 months consecutive business bank statements

raise capital 

 

Testimonials
 

 
 
 
“David negotiated the best rates for us. It’s something we could have never accomplished on our own.”
— Alex
 
 
 
 
“With David, I never have to worry about closing on time or making a bad deal. Bitterman makes it sweet.”
— Claudio
 
 
 
 
“David’s understanding of the legal ins and outs of commercial loans was essential to Castlegates’s current success.”
— Dennis Conroy , Founder of Castlegate
 
 
 
 
“The entire team at BCCL is indispensable in making sure my independent flipping business has access to money when we needed it.”
— Eder , Owner
 
 
 
 
“When we are looking to acquire a project fast, BCCL secures our loans immediately and helping us ultimately helping us win the bid.”
— Leo, CEO