Bridge Loan Lender
#1 BRIDGE LOAN LENDER
Commercial bridge loans are a short-term commercial real estate financing option that can provide temporary financing to help sustain cash flow until you improve, refinance, lease up, sell, or complete the construction of a commercial property without compromising long term ROI.
Some ideal uses of a bridge loan:
- Purchase a value add apartment building with zero equity out of pocket.
- Purchase a multifamily apartment building with just 15% down.
Let us provide the fix up costs and refinance for you using the as completed value with minimal cash out of pocket. - Purchase a single family investment property with just 10% down and let us provide 100% of the fix up cost.
Fix To Flip 90% of Acquisition, 100% of Fix Up.
Multifamily up to 100% Financing
Call now with your scenario 800-826-5077
Fix To Rent Home Loans
- 1-500+ properties
- Single-family, 2-4 units, condos, townhomes, multifamily
- 5yr, 7, 10 and 30 year terms
- Up to 90% of cost
- Up to 100% of rehab
- Up to 75% of value
- $70,000 – $100 million
Fix To Flip Home Loans
- 1-500+ properties
- Single-family, 2-4 units, condos, townhomes, multifamily
- 12 To 24 month terms
- Up to 90% of cost
- Up to 100% of rehab
- Up to 75% of value
- $100,000 – $100 million
Multi Family /
Commercial Real Estate
- 1-50+ properties
- Multifamily, condos, student housing,
- mixed use w/ majority residential
- 12, 24 mo., 5,10,30,40 year terms
- Up to 100% of cost
- $1M – $50M
- Bridge, Construction, Permanent, Refi.
Shat is a Bridge Loan
A bridge loan is a short-term loan used to bridge the gap between buying the purchase of your property and selling or refinancing your property..
Sometimes you want to buy quickly in order to obtain a better purchase price and in other cases your may need additional capital for rehabbing your investment property.
How Do I Get 100% on a Bridge Loan
There are 2 key ways to get a 100% bridging loan – by using another asset to provide extra security, or buying undervalue.
Offering the lender additional security is the best way to get a 100% and some lenders still allow for secondary collateral in lieu of a down payment..
What Are The Pros and Cons of a Bridge Loan
*Fast underwriting and closing times
*High leverage allowing for a lower down payment
*Additional capital for fix up and repairs
*No pre-payment penalty
*These loans may have higher percentage rates
*Bridge Loans are for shorter periods requiring a sale or refinance within 1 to 3 years.
How Long Does It Take To Get A Bridge Loan
A realistic timescale for a bridge loan is 5-10 days, with 7-14 being far more common.
Hard Money Bridge Loan Features
Easy and Fast to Apply
The application process for traditional loans tends to be longer if made through a bank. It may take several days to a couple weeks before you get the approval or even a response back.
If you get a bridge loan with us, you do not need to wait. You can receive the amount after a few days and start your project as soon as possible.
Fast Approval
We base your application’s approval on the real estate’s value. “The asset value” While banks look into your FICO credit score and debt-to-income levels, we do not solely make your credit history a basis. Instead, we look primarily into the investment property’s value, giving you a higher chance of fast approval.
Easy Repayment
A bridge loan does not always require your monetary payment. You can repay it through the property once it is refinanced or sold without having to shell out your own money. Most bridge loans require an interest only payment with no pre-payment penalty.
Competitive Interest Rates
You can avail of a bridge loan for as low as 6.95% interest rates. There are no hidden fees that come with the loan. A “Hard Money” bridge loan rates today Dec 2022 are typically 9-13% interest. Still pretty good when the best home loan rates today are 6.5% principal and interest.