If you’re looking for a ready solution to access capital to purchase, renovate, or refinance properties, then Amida Lending can solve your needs with our various types of Bridge Loans.

BRIDGE LOANS: 

Purpose: Purchase, Refinance, Renovation & Construction

Term Length: Short term: 6–24 Months (exceptions on a case by case basis)

Leverage: Up to 90% LTC; up to 75% LTV; up to 75% ARV

Loan Size: $50K – $10M+

Interest Rate: 10% – 14%

No prepayment penalties. Interest reserves depending on qualification. Interest partially or wholly deferred depending on qualification.

Are you looking to purchase and fix-up a home that you believe has untapped value? Our short-term Fix & Flip loans let you close quickly so you can get to work on renovations immediately to untap the true value of the property.

FIX AND FLIP:

Purpose: Purchase, Refinance + Renovations

Term Length: Short term: 6–36 Months (exceptions on a case by case basis)

Leverage: Up to 90% LTC; up to 75% LTV; up to 75% ARV

Loan Size: $50K – $10M

Interest Rate: 10% – 14%

No prepayment penalties. Interest reserves depending on qualification. Interest partially or wholly deferred depending on qualification.

Own a property you’re not quite ready to sell or want to hold in your portfolio long-term? Amida Lending can provide you with the liquidity you need to purchase another project, complete an existing project, or tap into the equity in your property that you’ve been sitting on.

CASH-OUT REFINANCING: 

Purpose: Refinance, Provide Liquidity

Term Length: 6-24 Months (exceptions on a case by case basis)

Leverage: Up to 80% LTV

Loan Size: $50K – $10M+

Interest Rate: 10% – 14%

No prepayment penalties. Interest reserves depending on qualification.

 

Property Geographic Area Details
Alabama AL Kentucky KY Ohio OH Alaska AK Louisiana LA Oklahoma OK Arizona AZ Maine ME Oregon OR Arkansas AR Maryland MD Pennsylvania PA American Samoa AS Massachusetts MA Puerto Rico PR California CA Michigan MI Rhode Island RI Colorado CO Minnesota MN South Carolina SC Connecticut CT Mississippi MS South Dakota SD Delaware DE Missouri MO Tennessee TN District of Columbia DC Montana MT Texas TX Florida FL Nebraska NE Trust Territories TT Georgia GA Nevada NV Utah UT Guam GU New Hampshire NH Vermont VT Hawaii HI New Jersey NJ Virginia VA Idaho ID New Mexico NM Virgin Islands VI Illinois IL New York NY Washington WA Indiana IN North Carolina NC West Virginia WV Iowa IA North Dakota ND Wisconsin WI Kansas KS Northern Mariana Islands MP Wyoming WY
Loan Amounts
$100,000 to $50,000,000
Interest Rates
10% to 14%
Loan Terms
1 months to 36 months
Origination Fees
1% to 4%
Lien Position
1st, 2nd
Collateral Types
  • Residential Property
  • Commercial Property
  • Commercial Property Ground Lease
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Invest in a Business
  • Business Working Capital
  • Value Add Project
  • Development Project
  • Primary Residence Purchase
  • Personal Use
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Tenant Occupied Partial
  • Owner Occupied Commercial

Maximum Leverage

Purchase Short-Term (no Value-Add)
Max LTP Residential: 100%
Max LTP Multifamily: 100%
Max LTP Commercial: 100%
Max LTP Land: 100%
Max CLTP Mezzanine: 50%
Max CLTP Pref Equity: 75%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 100%
Max CLTV 2nd Lien Residential: 50%
Max LTV 1st Lien Multifamily: 100%
Max CLTV 2nd Lien Multifamily: 50%
Max LTV 1st Lien Commercial: 100%
Max CLTV 2nd Lien Commercial: 50%
Max LTV 1st Lien Land: 100%
Max CLTV 2nd Lien Land: 50%
Residential Fix & Flip
Max LTP: 100%
Max LTC: 100%
Max LTARV: 75%
Residential Rehab & Hold
Max LTP: 100%
Max LTC: 100%
Max LTARV: 75%
Multifamily Value-Add
Max LTP: 100%
Max LTC: 100%
Max LTARV: 75%
Commercial Value-Add
Max LTP: 100%
Max LTC: 100%
Max LTARV: 75%
Residential Construction
Max LTP Land: 100%
Max LTC: 100%
Max LTCV: 75%
Multifamily Construction
Max LTP Land: 100%
Max LTC: 100%
Max LTCV: 75%
Commercial Construction
Max LTP Land: 100%
Max LTC: 100%
Max LTCV: 75%

Property Types

  • 2-4 Units Residential
  • Agricultural
  • Assisted Living Facility
  • Auto Dealership
  • Auto Repair
  • Bed and Breakfast
  • Cannabis Dispensary
  • Cannabis Grow Facility
  • Car Wash
  • Casino
  • Child Day Care
  • Cinema
  • Club
  • Commercial Condominium
  • Commercial Land
  • Community Center
  • Condominium
  • Cooperative
  • Covered Land
  • Event Center
  • Gas Station
  • Golf Course
  • Gym
  • Healthcare
  • Hospital
  • Hostel
  • Hotel
  • Industrial
  • Manufactured Home
  • Marina
  • Mixed-Use
  • Mobile Home
  • Mobile Home Park
  • Motel
  • Multifamily
  • Night Club
  • Office
  • Parking Garage
  • Parking Lot
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • RV Park
  • Ranch
  • Recreational
  • Rehabilitation Facility
  • Residential Land
  • Retail
  • Single Family Residence
  • Sports Facility
  • Storage Facility
  • Student Housing
  • Theater
  • Vehicle Parking

Specialty Loan Types

  • 2nd Mortgage Equity Cash Out
  • 3rd Mortgage Equity Cash Out
  • Bankruptcy Resolution
  • Cannabis Use Properties
  • Commercial Permanent Financing
  • Condo Conversion
  • Debtor in Possession
  • Discounted Note Payoff
  • Earnest Money Deposit
  • Foreclosure Bailout
  • Land Development
  • Line of Credit Portfolio of Properties
  • Line of Credit Single Property
  • Luxury Homes
  • Note Purchase
  • PACE - Property Assessed Clean Energy
  • Partner Buyout
  • Primary Residence Bridge
  • Primary Residence Business Purpose Cash Out
  • Residential Equity Share
  • Residential Long-Term Rental
  • Residential Non-Prime
  • Residential Short-Term Rental
  • Reverse 1031 Exchange
  • Subdivisions
  • TIC Tenancy-in-Common
  • Transactional Funding
  • Vacation Rental

Will Consider Cannabis Use Properties

yes

Maximum LTV for Cannabis Use Properties

100%

Cannabis Property Use Type

  • Cultivation
  • Retail Dispensary
  • Retail Sales
  • Manufacturing
  • Processing
  • Production

Max Loan-to-Purchase Price

0%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property
  • Equity in Primary Residence
  • Seller Financing
  • Gap Lender
  • Crowdfunding
  • Family

Fees which are mandatory for all new borrower clients

  • Legal Fee
  • Appraisal Fee
  • Extension Fee

Fees which are paid to a third party company

  • Site Visit Fee
  • Legal Fee
  • Appraisal Fee
  • Inspection Fee
  • Environmental Report Fee

Details and Requirements

Typical Closing Time (Days)

7

Payment Structure
  • Interest Only
  • Amortized
  • Interest Reserve
  • No Monthly Payments Required
Pre Payment Penalty

no

Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

yes

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Non-Profit Corporation
Documentation Required
  • Loan Application
Personal Guaranty (Recourse) Required
Sometimes
Credit Check Required

no

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

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Amida Lending is a national private money lender focused on providing alternative financing solutions to real estate developers and professionals. Specialists in delivering quick real estate loan solutions. Reach out to our team today to learn more about our current products

Company Size (Number of Employees)

4

Year Established

2013

Primary Capital Source
  • Own Funds
  • Debt Fund We Manage
  • Individual Investors
  • Family Offices
Loan Structure for Majority of Loans
  • Own Balance Sheet
  • Multiple Lender Participation
Percentage of Loans Secured by Commercial Property

100%

Total Loan Volume Funded to Date

$200,000,000

Contact Amida Lending

Amida Lending pays us to be listed, so there is no fee to connect with them directly.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$100,000

What We Do

  • Private Money
  • Hard Money
  • Fix Flip
  • Ground Up Construction
  • Cash Out Refinance
  • Bridge

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