Porter Bridge Loan Company
Company Location
2112 First Avenue North
Birmingham, AL 35203
205-322-5442
2112 First Avenue North
Birmingham, AL 35203
866-725-1777
Company Description
Porter Bridge Loan Company is a Birmingham, Alabama Bridge Loans specialist. Bridge Loans are traditionally asset-based financing that is short-term, which provides excellent alternatives to traditional bank loans and offers up-front cash for time-sensitive transactions. Loan criteria includes three to 18-month terms, 13% to 15% interest rates, 3% to 6% fees, loans between $150K to $1.5 million, 60% LTV, interest only with balloon and first mortgage lien holder status.
They loan on the following types of properties: office, mixed-use, retail, multi-family, light industrial, office, warehouse, non-owner occupied residential, residential rehabs, income-producing properties, convenience stores, hotels, restaurants, residential lots, heavy industrial manufacturing and raw land.
Services Provided