For investors who are looking to purchase or refinance a non-owner occupied residential property, a bridge loan can provide access to quick capital, and relies on the value of the collateral moreso than the strength of the ability for the borrower to repay the loan. Bridge loans are typically made for shorter periods of time, and are a temporary loan until longer term financing can get approved, or, the collateral can ultimately be sold. As the loan typically has a short life span, interest only payments (rather than being amortized) can potentially be included as part of the loan amount (in cases of refinance with sufficient equity) to prevent the need for any monthly payments. Whether the bridge loan is being used to purchase a property, or refinance to purchase other real estate, expand a business, restructure debt, buyout partners, divorce, or any other non-real estate venture — a bridge loan is an opportunity to get expeditious capital to meet your needs.
DETAILS & RATES
Loan amounts from $500,000+
Up to 75% LTV (Purchase), Up to 70% LTV (Refinance)
Starting at 7.99% and 2 points
No minimum credit score required up to $2,000,000
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Or, feel free to call us at (877) 700-1914 to discuss.