Bridge loans are short-term options. They are an extremely powerful intermittent tool. Use these loans as a stepping stone to permanent funding.
Bridge Category 1: $100k to $3 million
- 7-10 day close
- Credits under 650 reviewed
- SOFR plus 350bps starting
- Interest Only
- Terms are 6 months to up to 5 years
- 75% LTV max
Bridge Category 2: $3 to $30 million
- 20- 30 day close
- Credits over 700
- SOFR plus 300bps starting
- Interest Only
- Terms are 6 months to 3 years
- 70% LTV max
Bridge Category 3: $30 to $100 million
- Experienced operator
- 30-45 day close
- SOFR plus 200bps starting
- Interest Only
- Terms are up to 5 years with maintenance payments after 1 yr.
- 65% to 75% LTV max appraised value
Bridge Category 4: $15 million to $500 million
- Construction Line Of Credit
- Purpose: Ground Up Development
- Asset Class: Multifamily, Retail, Mixed Use, Industrial, Hotel/Resort, Renewable Energy, Oil and Gas, Gaming & Cannabis
- Financing: Up to 100% of Development Costs
- Funding:$15m -$500+m
- GeographyUnited States & Select International Locations
- Rate: 8% as of 2024
- Interest Only Payment
- Term: 5 year
- Non-Recourse
- No Pre-Payment Penalty
- Liquidity Requirement: 25% Cash into the deal serves as interest reserves.
PROPERTY TYPES
With our bridge loans, you can use funds toward a variety of property types, including:
- Retail centers
- Self-storage facilities
- Shopping complexes
- Mixed-use buildings
- Office buildings
- Student housing
- Industrial properties
- Condominiums
- Restaurants
- Mobile home parks
LOAN BENEFITS
Our bridge loans come with a variety of benefits, including:
- Credit score consideration: We understand that past credit issues don’t necessary determine current repayment abilities. You can rest easy knowing your credit score doesn’t always affect your application and you may not be denied if you have a low credit score.
- Fast process: We understand that you need access to capital fast to keep your project moving. We’re proud to offer a fast, easy loan process with many hard loan deals closing in as little as two weeks.
- Flexible terms: Many banks aren’t able to offer much flexibility due to regulatory requirements from the government. As a private lender, we’re able to offer borrowers with flexible terms that will work best for your project, so you’ll get the right loan terms for your individual needs, compared with what most typical banks can provide.
Do you need financing to get a property renovation back on track?
Are the banks in your network not able to help and dragging their feet? If so, consider contacting a representative to discuss you bridge loan options. Our team of experienced lenders can work with you to develop a flexible plan that addresses all of your immediate needs, allowing you to keep your investment and survive the intermittent cash flow problems you are currently facing. Our bridge loans ensure that qualified applicants have the financing they need when they need it; no need to wait weeks for approval.
CONTACT US
Do you need financing to get a property renovation back on track? Are the banks in your network not able to help and dragging their feet? If so, consider contacting a representative to discuss you bridge loan options. Our team of experienced lenders can work with you to develop a flexible plan that addresses all of your immediate needs, allowing you to keep your investment and survive the intermittent cash flow problems you are currently facing. Our bridge loans ensure that qualified applicants have the financing they need when they need it; no need to wait weeks for approval.
Questions? Please contact us:
Email: apply@bridgeloan.io
Phone: 574-800-4161