Bridge Loan

The 1-4 Investor Bridge Loan offers up to an 80% LTC on purchase money, creating the leverage needed by todays investor. Refinance up to a 75% LTV to quickly exit an up-coming balloon payment or cash-out to rehab your property. Option for a cross-collateral loan on multiple properties to increase your loan amount. The bridge loan provides capital needed by investors with speed and certainty for opportunistic acquisitions, including foreclosure and distressed property purchases. Qualifying is easy with a review of the investor's overall credit profile, experience and liquidity.

 

Key Points

No Minimum FICO

Same Day LOI

No Upfront Fees

Vacant Property - ok

Quick Close Available

 

 

Terms

$150,000 - $2 million+

LTC: up to 80%*

LTV: up to 75%

CLTV: up to 100%**

Interest: from 6.99%**

Rate: Fixed

Term: 12-36 months

Amort: Interest Only

DSCR: No Minimum

No Prepayment Penalty

 

 

Purpose

Purchase

Refinance

Cash-out

Blanket (2+ properties)

 

 

Collateral

Condominium

Single Family Residence

Townhouse

Duplex

Triplex

Quadruplex

Multifamily 5+ Units

Mixed Use (50%+ Must Be Residential)

 

 

*The Lesser of up to 75% of the As-Is Value or up to 80% of the Loan to Cost. Up to 75% LTV on refinance with or without cash-out.

**CLTV up to 100% via Seller Carryback. Seller can contribute towards closing cost.

**Rate dependent upon: loan purpose, property location, credit profile, experience and liquidity