Loans · Bridge
Bridge loans
Short-term money to buy fast, stabilize a property or bridge to your next loan.
At a glance
When a bridge loan fits
Best forBuying quickly, light repairs, or carrying a property until long-term financing fits
What sizes the loanValue, purchase price and your exit plan
TermShort term, usually months rather than years
ExitSale, or a refinance into a DSCR or permanent loan
Who it fitsInvestors with a clear, documented way out of the loan
Closes inAn LLC or other entity, business purpose only
Worked example
Planning the exit before you borrow
| Example deal | Figure |
|---|---|
| Purchase price | $450,000 |
| Bridge loan request | $360,000 |
| Loan-to-value at purchase | 80% |
| Planned exit | Refinance into a rental loan after leasing |
| Rent needed to support the refinance | Set by the rental lender's DSCR minimum |
Example onlyA bridge loan is only as good as its exit. We check the refinance or sale path before your file goes to bridge lenders. These figures illustrate the math. They are not an offer, a rate quote or a promise of approval.
Your file
What to have ready
- Purchase contract or payoff statement
- Your exit plan: target sale price from closed sales, or lease and refinance plan
- Scope and budget for any repairs
- Your track record for the last 36 months
- Entity documents, guarantor ID, 2 months of business bank statements
How we place it
Options in 48 business hours
Once your file is complete, we send it to the lenders in our directory that fund this kind of deal. Their answers come back to you on one page, side by side, with our fee in writing.
Questions
What investors ask us
What is the difference between a bridge loan and a fix and flip loan?
A flip loan funds a renovation and pays it out in draws. A bridge loan mainly funds the purchase or carries the property, with little or no construction.
Can I refinance a bridge loan into a rental loan?
Yes, that is one of the most common exits. We look at the rental lender's requirements before you take the bridge loan.
Related loans
Other ways to finance it
LoansFix and flip loansPurchase and rehab money for investors who buy, renovate and sell.LoansDSCR rental loansLong-term rental loans sized on the property's rent, not your personal income.LoansCommercial and mixed-use loansFinancing for retail, office, flex, industrial, self-storage and mixed-use property.
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