Bridge Loan

The Bridge Loan provides the speed, flexibility and simplicity for today’s investor. Offering purchase money up to an 80% LTC provides the leverage required for investors. Refinance up to a 75% LTV to quickly exit an upcoming loan maturity or obtain cash-out for a variety of reasons: increase liquidity, reserves, rehab a property or invest in additional properties. Cross-collateralize multiple properties in lieu of a downpayment when purchasing or to increase your cash-out loan amount. The bridge loan is a short-term option for any investment strategy and qualifying is easy with a review of the investor's overall credit profile and property cashflow.

 

Key Points

No Minimum FICO

Same Day LOI

No Upfront Fees

Vacant Property - ok

Quick Close Available

 

 

Terms

$100,000 - $2 million+

LTV: up to 80% LTC*

Interest: from 7.25%**

Rate: Fixed

Term: 1-3 years

Amort: Interest Only

DSCR: None or 1.25x minimum

PPP: None or 6 months - 5% UPB

 

 

Purpose

Purchase

Refinance

Cash-out

Blanket (2+ properties)

 

 

Collateral

Single Family Residence

Condominium

Duplex

Triplex

Quadruplex

 

*The lessor of 75% LTV or 80% LTC 

**Interest Rate dependent upon: loan term, loan-to-value, credit profile and DSCR.