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Briar Cliff Financial Services

Sewickley, PA·4 states
Direct loans with Briar Cliff generally range from approximately $50,000 up to $800,000, with some published lending parameters extending to $1 million depending on the transaction.
Briar Cliff Financial Services describing itself

Loan programs

Bridge

$50K
Term
12 mo – 84 mo
Maximum leverage
Max LTV 85%Max LTC 90%Max ARV 70%Max LTP 80%
Term
12 mo – 18 mo
Maximum leverage
Max LTV 85%Max LTC 90%Max ARV 70%Max LTCV 70%
Term
12 mo
Maximum leverage
Max LTC 90%Max ARV 70%Max LTP 90%
Maximum leverage
Max LTC 90%Max ARV 70%Max LTP 90%
Maximum leverage
Max LTV 80%Max LTP 80%

Terms & qualification

Typical loan size
$50K – $800K
Typical term
12 mo – 10 yr
Interest rate
11%
Origination / points
0.50% to 1.50%
Minimum FICO
400
Lien position
First and second mortgages
Prepayment penalty
None
Payment structure
Interest Only
Recourse
Always
Closing speed
30 days typical · 9 days fastest
Cross-collateral
No
Equity / JV capital
No
Income documentation
Credit Report, Tax Returns, Bank Statements, Financial Statements, Loan Application
Borrower entity
Individual(s), LLC, Limited Partnership, Trust, Corporation

Property types

Lending footprint