Bridge loans for finished and rent ready properties

Our bridge loan is short term financing for investment properties that are finished, marketable or rent ready. We lend up to 85% of cost and up to 70% of the as is value, from $75K to $2M, with 12 month terms and a 660 minimum credit score.

A good fit for

• Buying fast before long term financing is ready
• Holding a finished property while you sell or lease it
• Pulling equity out short term for the next deal
• Closing on a property that needs no renovation

Eligible properties

Non owner occupied, held in an entity.

• Single family, attached or detached
• 2 to 4 units
• Townhomes
• Condos

When to use a bridge loan

Bridge loans fit properties that are 100% complete. If the property needs work, use a fix and flip loan instead so the rehab is financed too. When the property is leased and stable, a DSCR rental loan usually offers a lower rate for the long term.

How value is measured

Bridge loans use an as is appraisal. For purchases and properties owned less than a year, we also look at your cost basis: the purchase price plus verified completed work.

Questions

Other programs

• Fix and Flip Buy, renovate and sell 1 to 4 unit homes.
• DSCR Rental Long term loans qualified on the rent, not your tax returns.
• Ground Up Construction Build spec, infill and tear down homes from the ground up.
• Rental Portfolio One loan for several rentals in the same state.