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Funded
Originated
States
> 60% LTV
We only fund up to 60% of the purchase price. Borrower must be able to fund a 40% cash down payment.
- Borrower Must Have Property Under Contract
- Will Not Consider Lending on Purchase from Auction
Allowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Another Investment Property
- Family
* A Mandatory Deposit is used to pay for third party expenses to close the loan, and the unused balance is always applied to closing costs. The deposit amount $3,000 to $10,000 depending on deal size and other factors.
Crosby Capital USA is a unique and creative direct lender for short-term bridge loans in Florida and the New York City metro area. Our maximum LTV is a conservative 60%, but can fund loans that most other lenders shy away from.
