BRIDGING AND ALTERNATIVE LENDING OPTION
If you’re interested in finding a private bank to work with, our team could help. We work with quite a few different ones – so many in fact, that we’re certain that there are several who could help you with your mortgage. They are easy to work with and can often provide some amazing arrangements for a variety of odd situations and circumstances. Most of these establishments offer LTVs around 60-65%, with mortgage rates around 1-2%.
As a part of the mortgage deal, many borrowers are expected to pledge AUM (Assets Under Management), which can be something like 30% of the loan, or $100,000 worth. Alternatively, the client could agree to do long-term business with the bank, although it’s far more common for assets to be used as security.