Quick Close Bridge Loan Program
Quick Close Bridge Loan
Are you looking for an asset based quick close bridge loan program that can close in five to ten days with no appraisal, no credit report, no lengthy due diligence and no red tape? Our Quick Close Bridge Loan Program may be for you. We prefer cash flowing rental properties with DSCR 1.25%. Our program is an Asset Based Quick Close Bridge Loan for stabilized rental properties.
Quick Close Bridge Loan Overview
We put our borrower’s needs first. We care about what you care about. Contact us to find out more.
- Loan Amount: $100,000 – $3,000,000
- Security: First Mortgage Lien or Deed of Trust
- Loan Purpose: Purchases, Refinances, and Cash-Out
- Asset Types: 1-4 unit investment residential and 5+ unit multifamily
- Loan Term: 12 months (extension options available)
- Interest Rate: 12%
- Prepayment Penalty: 6 months
- Origination/Exit Fees: 4-5%
- Loan-To-Value: Up to 65%
- Closing: As few as 5 Days
- DSCR: Minimum 1.25 (interest reserves available)
- Amortization: Interest Only
- Geographic Focus: Nationwide (excluding AK, AZ, CA, HI, MN, NV, and OR)
There is no minimum credit score for our program we are asset based. Therefore, if you are looking for a quick close bridge loan to purchase a property, refinance a property or get cash out we can close in five to ten days. For higher LTV’s and lower costs we have other bridge loan products that can go up to 80% based on property type, borrowers credit and experience.
For more information on the Quick Close Bridge Loan for stabilized rental properties or other bridge loan programs contact us today.
Call 888-848-3114
Email info@fbcfunding.com
Schedule a free loan consultation https://calendly.com/fbcfunding/15-minute-loan-consultation
FBC Funding is here to help you.
