Residential Rental Bridge Loans
SFR, Duplex, Tri-Plex, Quad, condo and Townhouse Loans
Fast close
Short term financing that requires minimal or no rehab
No tax returns or income verification
Term: 13, 19 or 24 months
$250,000 to $5 Million
6.5%+
Interest only
620+
Origination: varies
LTV: up to 80% LTC/LTV for cash-out, refinance and purchase
For cash-outs, borrowers escrow 3 months of PITA but don’t have to make monthly payment until the 4th month of their loans.
No prepayment Allowable costs: only purchase or refinance funds
Non-recourse for experienced borrowers (add 25 to 50 bps to interest rate)
Subordinate debt ok with lender approval
No bankruptcy, foreclosure, short sales or deed in lie in last 3 years
Loans close in 3 to 5 weeks
No upfront fees…
To submit your loan request online, click the blue GET STARTED LINK for your PRE-APPROVAL Term Sheet within 48 business hours. No credit cards, Social Security Numbers or credit checks are required for PRE-APPROVAL.
