Bridge + Rehab Loans
Bridge Loans are designed for real estate investors who are looking to purchase assets that are either in disrepair or severely under-leased. In either case, bridge loans afford investors the opportunity to quickly close on properties, add the value and later recoup some portion of their initial cash investment by either selling the property or closing on a cash-out refinance once the asset has been stabilized.
Highlights
Occupancy Restrictions: Bridge loans are for investment properties ONLY, primary residences are not eligible.
Down Payment: 10% minimum.
Experience Requirements: None required for residential properties. Varies greatly for commercial and 5+ multifamily assets. The more experience, the more favorable the terms.
Property Types: All property types.
Typical Closing: 10–21 business days.
Why Bridge Loans?
Lower down payments and up to 100% of the rehab costs, giving investors the capital required to add significant value and providing investors the opportunity to recoup some level of their initial cash investment.
Allows investors to secure funding for under-leased assets that are otherwise unbankable.
Quick closings make for very competitive offers.
Available nationwide for all major property types.
