Bridge Pricing
| Rate* | Lender Fee |
|---|---|
| 10.99% | 1% |
Need to Know
Bridge Financing
- Max combined LTV is 75%
- One year
- Fully open
- A firm sale contract for the existing property is not required
- The mortgage is registered on both properties
- Appraisals are required on both properties
- Properties can be in different provinces as Fisgard lends from BC to Ontario
Terms and Conditions
- ONE YEAR TERM – OPEN upon payment of 60 days interest
- TWO-YEAR TERM – first year closed (three-month interest pre-payment), second year FULLY OPEN, rate premium 25%
- PAYMENTS – Interest Only or P/I Amortized available
- RENEWALS – No Renewal Fee on 1st renewal, if paid as agreed and value has not declined. Appraisal may be required. Rate increase may apply.
- APPRAISALS – Fisgard’s appraiser’s list, RPS, NAS, or Value Connect
- CREDIT BUREAUS – Equifax or TransUnion accepted
- RATE SURCHARGES – rental/holdco properties, high value, poor credit, out of country borrowers, two year terms
- BROKER FREE – Tell us what your fee is! We’ll include it in our commitment, disclose it appropriately and pay you on funding
We’re here to help.
Fisgard also offers construction, commercial and bundle financing for those “outside the box” deals.
Let’s Work Together
Ready to discover the benefits of our alternative lending solutions? See what we can do for you and your clients.