Bridge Loan

Grow your investor business with us. 

Need more time to turn a property or complete your light rehab project? Consider a Bridge Loan.  Time is money, we offer both.  Bridge loans are ideal for temporarily holding assets.  Short-term business purpose loans used by real estate investors to purchase, refinance, cash-out refinance.  Allows borrowers to self-fund cosmetic rehabs up to 25% of the cost basis of the property after closing.  No rehab funds financed.  

  • As-is appraisal only, no ARV
  • Optional No Fee Alternative Valuation now available!
  • NO prior experience required
  • Self-funded cosmetic rehab allowed (up to 25% of cost basis)
  • Optional interest reserves
  • Up to 90% LTC for purchases
  • Up to 80% LTC for refinances
  • Property loans from $50k to $3MM
  • 12 or 18 month property loan terms
  • Minimum 620 FICO
  • Foreign Nationals eligible
  Bridge Loan Bridge Plus Loan
LOAN PURPOSE Bridge (self-funded cosmetic rehab allowed up to 25% of cost basis, no rehab holdback)
  • Property as-is must be 100% complete and marketable
  • Requires Exposure Limit approval
  • Purchase and refinance transactions eligible
Bridge (self-funded non-structural rehab allowed up to $100K max, no rehab holdback)
  • Property as-is must be 100% complete and marketable
  • Requires Exposure Limit approval
  • Purchase and refinance transactions eligible
INTEREST RATE
Call for Quote
Call for Quote
LOAN AMOUNT
$50K - $3MM
$100K - $1MM
LOAN TERM
12 months standard,
18 month option available (subject to loan level pricing adjustment)
12 months standard,
18 month option available (subject to loan level pricing adjustment)
BORROWER TYPE
Entity or Individual
Entity or Individual
MINIMUM EXPERIENCE
NO prior experience required
5+ experience (flip, build, or rental) required. Experience is based on a 36 month lookback period.
REFINANCE MAXIMUM LEVERAGE
LOAN-TO-COST (LTC)
LOAN-TO-VALUE (LTV)
COST IS PURCHASE PRICE AMOUNT
Up to 75% LTC / 75% LTV
Up to 80% LTC / 70% LTV
PURCHASE MAXIMUM LEVERAGE
Up to 80% LTC / 80% LTV
Up to 90% LTC / 80% LTV
WHEN DO WE USE COST BASIS?
Used on purchases and refinances owned < 180 days
Cost Basis is defined as [Purchase Price + cost of work already completed (verified and provided by Inspector)]
Used on purchases and refinances owned < 180 days
Cost Basis is defined as [Purchase Price + cost of work already completed (verified and provided by Inspector)]
REHAB ALLOWED
Up to 25% of cost basis (must be cosmetic only)
(Hard costs only -- soft costs, GC fees, contingency fees do not apply)
Up to $100K non-structural rehab allowed
FOREIGN NATIONALS
  • Not allowed from ineligible country list
  • Limited to: 75% LTC / 70% LTV max
  • Not allowed from ineligible country list
  • Limited to: 80% LTC / 70% LTV max
PROPERTY TYPE Non-Owner Occupied:
  • Attached or detached SFR
  • 2-4 unit properties
  • Multi-family 5-20 unit properties
  • Mixed-use
  • Condos
Non-Owner Occupied:
  • Attached or detached SFR
  • 2-4 unit properties
  • Multi-family 5-20 unit properties
  • Mixed-use
  • Condos