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)
| Bridge (self-funded non-structural rehab allowed up to $100K max, no rehab holdback)
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INTEREST RATE | | |
LOAN AMOUNT | | |
LOAN TERM | 18 month option available (subject to loan level pricing adjustment) | 18 month option available (subject to loan level pricing adjustment) |
BORROWER TYPE | | |
MINIMUM EXPERIENCE | | |
REFINANCE MAXIMUM LEVERAGE LOAN-TO-COST (LTC) LOAN-TO-VALUE (LTV) COST IS PURCHASE PRICE AMOUNT | | |
PURCHASE MAXIMUM LEVERAGE | | |
WHEN DO WE USE COST BASIS? | Cost Basis is defined as [Purchase Price + cost of work already completed (verified and provided by Inspector)] | Cost Basis is defined as [Purchase Price + cost of work already completed (verified and provided by Inspector)] |
REHAB ALLOWED | (Hard costs only -- soft costs, GC fees, contingency fees do not apply) | |
FOREIGN NATIONALS |
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PROPERTY TYPE | Non-Owner Occupied:
| Non-Owner Occupied:
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