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Program - High-Rise Condos

BRIC offers specialized financing for high-rise condos, accommodating both warrantable and non-warrantable properties with no condo questionnaire required. The program features flexible terms, including options for foreign nationals and short-term rentals, with loan amounts ranging from $150,000 to $5,000,000 and a maximum LTV of 70%. Ideal for real estate investors and high-net-worth individuals, this financing solution provides greater flexibility and faster execution compared to traditional lending.

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4 views3 pages

Program - High-Rise Condos

BRIC offers specialized financing for high-rise condos, accommodating both warrantable and non-warrantable properties with no condo questionnaire required. The program features flexible terms, including options for foreign nationals and short-term rentals, with loan amounts ranging from $150,000 to $5,000,000 and a maximum LTV of 70%. Ideal for real estate investors and high-net-worth individuals, this financing solution provides greater flexibility and faster execution compared to traditional lending.

Uploaded by

izhan khan
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

HIGH-RISE CONDO FINANCING

Overview:

At BRIC, we understand that high-rise condo financing often requires a different


approach than traditional residential lending. Many lenders have restrictions
related to HOA reserves, condo questionnaires, investor concentration, and
short-term rental policies. Our program is designed to provide investors with
greater flexibility and faster execution

Program Highlights

High-Rise Condo Financing Available

Warrantable & Non-Warrantable Condos

No Condo Questionnaire Required

No Restrictions on Investor Concentration

Short-Term Rental Friendly

Foreign National Programs Available

Flexible DSCR Options

Asset-Based Lending Approach

30-Year Financing Options Available

Loan Parameters

Loan Amounts $150,000 – $5,000,000


Max LTV – Purchase Up to 70%
Max LTV – Rate/Term RefiUp to 70%
Max LTV – Cash-Out Refi Up to 50%
Minimum Credit Score 600
Occupancy Non-owner occupied / investment
Loan Terms 30-year fixed, interest-only available
Borrower Types LLC, corporation, individual, foreign national
U.S. citizens, permanent/non-permanent residents, foreign
Citizenship
nationals

Who is for:

Real Estate Investors


Foreign Nationals
Short-Term Rental Operators
High-Net-Worth Individuals
Condo Portfolio Investors
Borrowers Seeking Flexible Lending Solutions

Recent Deals:

Location: Brickell
Purchase Price: $1,250,000

Loan Amount: $875,000

Location: West Palm Beach


Purchase Price: $550,000
Loan Amount: $375,500
Location: Atlanta
Purchase price: $1,099,000
Loan Amount: $769,300

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