Bridge Loans
Primary Residences in California
Investment Properties Nationwide
Bridge Loans are the fastest and easiest way to get cash out from a property with the least amount of documentation. Most loans close in 15 days or less, and in as little as 48 hours.
Who Would Benefit from a Bridge Loan?
Bridge Loans were originally designed to ‘bridge the gap’ between selling a property and purchasing a new one, without having to sell their old one first. However, our clients rely on our Bridge Loans to obtain cash quickly and easily, by tapping into the equity of a property. Savvy investors then use this cash as down payment on another property or for other investment or business purposes.
How It Works
A Bridge Loan is ideal if you are trying to buy an investment property and don’t have enough cash for the closing of the transaction. They work especially well if you want to use that cash to make an “all cash” offer on a property.
Second, they are also a far better option than having to find an equity partner to help you acquire a new investment property. Compared to utilizing an equity partner, Bridge Loans can increase your profits and eliminate the hassles of working with a partner.
Third, Bridge Loans are extremely flexible. There is no minimum credit score to qualify for these loans as there is with a traditional loan. You can get anywhere from 60 to 80 percent loan to value. Loan terms can range from 3 months to 3 years. During that time, you are only required to pay the interest on the loan.
Program Highlights
Bridge Loans are used only for temporary financing as they generally require no income, asset or employment verification. Credit score and history are also not major factors in the lending criteria. Bridge Loans are funded very quickly, although in exchange for the leniency, they are typically costlier than a conventional loan.
- Up to 70% LTV 1st trust deed refis or purchases
- Up to 65% LTV on 2nd trust deed refis
- For credit score 600+
Our Commitment to You
- Closing In As Few As 48 Hours
- Referrals Valued & Brokers Protected
- Committed to the Highest Level of Customer Satisfaction
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Bridge Loan Matrix
| SINGLE-FAMILY | MULTI-FAMILY | |
|---|---|---|
| Loan Term | 12 Months | 12, 18, and 24 months (Extensions Possible) |
| Loan Amount | $50K – $3MM | $50K – $3MM |
| Min. Property Value | $75K | $50K – $3MM |
| Max Property Value | $2M | $5M |
| LTV | Purchase: The Lesser of Up to 75% of the As-Is Value or Up to 80% Loan-to-Cost Refinance: Up to 70% of the As-Is Value Cash-Out: Up to 65% of the As-Is Value |
Purchase: Up to 70% of the As-Is Value Refinance: Up to 65% of the As-Is Value Cash-Out: Up to 55% of the As-Is Value |
| Minimum FICO Score | 600 | 600 |
| Property Types | Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes | Non-Owner Occupied Multi-Family Real Estate; 5+ Unit Apartments; Mixed-Use Properties |
| Rehab Size and Costs | Max $500K + up to 100% of Rehab Costs | Max $500K + up to 100% of Rehab Costs |
| Pre-Payment Penalty | N/A | N/A |
| Termination Fee | 1% After Month 9 | 1% After Month 9 |
Apply Now
To get started, please complete our application, call us at 844-574-5626 or schedule a call with a loan officer below.
Schedule a Call
To determine the right loan program with you, schedule some time with a loan officer to discuss your options. Call us at 844-574-5626 now or schedule a time to meet with a loan officer.