1-4 UNIT BRIDGE Loan
- STARTING RATE
9.49%
*
Key Facts About Our Bridge Property Loan
- As-is appraisal only, no ARV
- Rural properties allowed on case-by-case
- Minimum 660 FICO
- Foreign Nationals eligible
- No experience required
- 12- or 18-month (case-by-case) property loan terms
| Stabilized Bridge - No DSCR | Stabilized Bridge - DSCR Exit | |
|---|---|---|
Maximum Loan-To-Cost | 85% of purchase price + verified completed capex if property owned < 6 months | 85% of purchase price + verified completed capex if property owned < 6 months |
Maximum Loan-To-Value | 700 FICO: 70% if property owned > 6 months 660-699 FICO: 65% if property owned > 6 months | 70% LTV |
Minimum DSCR | N/A | 1.10 exit DSCR based on lower of in place rent and market rent |
Minimum FICO | 660 | 660 |
Purpose | To provide bridge financing on a property that was recently renovated or constructed and is currently/soon to be listed for sale | To provide bridge financing on a property that is currently rented or soon to be rented, but is not yet ready for permanent financing |
Loan Amount | Min: $50,000 Max: $1,500,000 / larger loans allowed at Lender discretion | Min: $50,000 Max: $1,000,000 for SFR, $2,000,000 for 2-4 unit / larger loans allowed at Lender discretion |
Term Length | 12 months, up to 18 at Lender discretion | 12 months, up to 18 at Lender discretion |
Property Types | Single family/2-4 unit/Townhomes/PUD/Warrantable condos | Single family/2-4 Unit/Townhomes/PUD/Warrantable condos |
Property Condition | C2 or better | C4 or better with no deferred maintenance |
Collateral Restrictions | Property value within 90th percentile of market No rural, exotic, or unique properties | No rural, exotic, or unique properties |
Over $8 Billion in loans for Real Estate Investors
Our Bridge Loans provide short-term financing to “bridge” the gap between now and when you qualify for conventional financing, or sell the property. It also provides additional time to increase your FICO or improve your DTI.
Why Choose a Bridge Property Loan?
- Bridge loans are a short-term flexible loan solution, ideal for temporarily holding assets.
- Long term rates too high to lock in? Bridge loans can be used short-term to float the market.
- Tap into your cash with Bridge financing! Both purchases and refinances are eligible.
BEGIN TODAY BY TAKING ADVANTAGE OF A BRIDGE LOAN
