Investor Bridge Loan
Investor Bridge Loan
Close quick on our residential investor bridge loan program. This program is designed for fix and flip residential investors who need to acquire the property quickly and have verifiable funds to close, and not looking for funds to rehab the property. We can close in two to three weeks depending on title and appraisal, sooner in many instances.
Investor Bridge Loan Guidelines
Here are general guidelines:
- Purchase or Refinance
- Loan Amount: $75,0000 to $2,000,000
- Terms: 12 months interest only
- Credit Score: 600 Minimum
- Prepayment: Minimum four months interest
- Program Area: Nationwide minus 8 states
- Rates: 7.5% to 11.75% depending on credit and property location
- LTV: 75% over 700 credit score otherwise 65%
- Experience: One project in the last twenty four months or LTV is 65%
- Reserves: Three months of interest payments sourced
- Down Payment: Sourced
- Points: Two to five points depending on loan size
- Appraisal: Streamlined appraisal process
- Interior Inspection: No Interior Inspection for property values over $150,000 (reduce LTV 5%)
- Foreign Nationals: 50% LTV
Do you have funds to rehab your fix and flip? Do you have verifiable down payment? Are you looking for a quick close? Our Investor Bridge Loan program may be the quick close you need.
Have you started a rehab project? Is there equity in your unoccupied investment property. The refinance Investor Bridge Program is for you.
Submit a quick Quote Request for more details!!!
