RENTAL LOANS

OUR RENTAL LOAN PROGRAM IS DESIGNED FOR INVESTORS NATIONWIDE SEEKING A SIMPLE FINANCING SOLUTION FOR PURCHASE OR REFINANCE, WITH THE FLEXIBILITY TO REMAIN IN THE LOAN FOR UP TO 30 YEARS AND CASH-OUT UP TO 80% OF LTV.

bridge loans

A “bridge loan” is essentially a short term loan taken out by a borrower against their current property to finance the purchase of a new property.

Also known as a swing loan, gap financing, or interim financing, a bridge loan is typically good for a six month period, but can extend up to 12 months.

Most bridge loans carry an interest rate roughly double the average fixed-rate product and come with equally high closing costs.

Bridge loans are generally taken out when a borrower is looking to upgrade to a bigger home, and haven’t yet sold their current home.

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LOAN CRITERIA

Collateral:

Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties

LTV:

Up to 90% of the Purchase Price + 100% of the Renovation Cost; Not to Exceed 75% of the ARV

Term:

12 Months (6-Month Extension Available)

Minimum As-Is Property Value:

$50k for Single-Family$25k per Unit for 2-4 Family$35k per Unit for Multi-Family (5+)/Mixed-Use

Loan Amount:

$50k – $2M for 1-4 Family, Condos, & Townhomes$250k – $5M for Multi-Family (5+)/Mixed-Use

Minimum FICO:

650

Rates

As Low As 7.99% (Interest Only Charged on Outstanding Balance)

Pre-Payment Penalty:

N/A