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Bridge

Financing of newly constructed or renovated properties that are currently vacant and stabilized and are ineligible for permanent financing.
  • Finance up to 75% loan to value; 65% for cash-out
  • Single-family & multifamily properties
  • No Prepayment Penalties
  • Multi-year bridge loan

Lending Criteria

LOAN AMOUNT$150,000 to $1.5 million. Loan amounts outside of this range considered.
LOAN TERM6, 12, 18, or 24-months
PAYMENT TYPEInterest-only with a balloon payment at maturity
LOAN TO VALUEUp to 75%; 65% for cash-out
LOAN TO COSTUp to 75%
CLOSING TIMELINE5-10 business days

Guidelines

FICO680 min soft credit assessment
PROPERTY CONDITIONMust be in C1-C4 condition with no renovations outstanding
ELIGIBLE PROPERTIESSingle-family, townhomes,
warrantable condos, and
2-4 units (5-10 units considered)
ELIGIBLE STATESNationwide except ND, NV, SD, VT, and WV, and rural locations
BORROWERLoans are made to entities. A personal guarantee is customary