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Atlas Invest outlines fast bridge-lending timelines for real estate deals
The guide says Atlas can issue a same-day term sheet on eligible submissions and fund eligible loans in as few as seven days.
Commercial Observer highlights a bridge-lending guide from Atlas Invest aimed at commercial mortgage brokers and capital advisors who place transitional debt on residential investment real estate.
According to the guide, brokers can expect a same-day term sheet on eligible and complete submissions, with funding in as few as seven days. It also lays out underwriting and deal-qualification expectations before files are sent.
Atlas Invest says it underwrites and funds bridge loans ranging from $200,000 to $7 million, with larger deals considered case by case. The guide focuses on property types including multifamily, mixed-use, condo, co-op, and single-family rental.
The publication notes the guide includes a set of questions brokers can use to evaluate a bridge lender and describes Atlas’s approach to what happens after a deal comes in.