Residential Rental Bridge Loans (1 to 9 Units)
Interim financing for properties that need little or no rehab
Loan may include cosmetic rehab
No upfront fees, income verification or tax returns are required
Nationwide (46 States)
Primary, secondary and rural locations
Property types: nonowner occupied single family, duplex, triplex, quad, condo, townhomes and PUDs up to 9 units
Single property loan amounts: $250,000 to $5 million per property
Portfolios: $500,000 to $20 million+ ($100,000+ per property)
Cash-out, refinance and finance purchase to 80% LTV or LTC
Competitive fixed interest rates
Interest only
Rate locks
No prepayment or minimum interest
13, 19, and 24-months
Credit: 660+
Origination varies
Appraisal: can do SFR BPOs instead of full appraisals on purchases at $75,000 to $500,000 no construction inspection
Loans close in LLC or corporation name
Non-recourse available for experienced borrowers (add 65 BPS+ bad boy carve outs)
No bankruptcy, foreclosure, short sales or deed in lieu last 3 years
First lien; no subordinated debt
U.S.A. citizens, permanent resident aliens, foreign nationals and first time investors welcome
To submit your online loan request, click the GET STARTED Link for PRE-APPROVAL within 48 hours.
No upfront fees, tax returns, income verification, credit cards, Social Security Numbers or credit checks are required for PRE-APPROVAL Term Sheets for qualified borrowers.