Residential bridge loans serve as a valuable tool for investors seeking to navigate the transition period between acquiring a new property and offloading their current one.
Short Term Option
Res Bridge Loans
How Residential Bridge Loans Work
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620+ Fico
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25% down payment
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3 years Interest Only
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Full Doc & Alt Doc ok
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Loans to $3 Mil+
Residential Bridge Loans
RES BRIDGE LOANS
Residential Bridge Loans help investors quickly get money to grab real estate deals. Great for seizing opportunities in the property market fast!
LOAN PROGRAM DETAILS
Typical guidelines for Residential Bridge Loans loans.
Docs
Full
Credit Score
620
LTV
75%
Max Loan
3 Mil+
Features of Res Bridge Loans
- Short-term Financing
- Flexible Terms
- Quick Approval Process
- Interest-Only Payments
- Non-Owner-Occupied Properties
- Various Property Types
- Flexible Repayment Terms
Benefits of Res Bridge Loans
- Facilitates Quick Transactions
- Flexible Financing Solutions
- Avoids Opportunity Costs
- Enables Renovation and Improvement
- Bridge to Long-Term Financing
- Competitive Advantage
- Increased Leverage
RESIDENTIAL BRIDGE LOAN PROGRAMS
Get Cash Now
Be Cash Buyer
Residential Bridge Loan
Residential bridge loans are short-term loans enabling homeowners to purchase a new home before selling their current property, providing financial flexibility during transitions.
BENEFITS
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620+ Fico
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min 50% Equity
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1 years Interest Only
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Full Doc & Alt Doc ok
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Loans to $3 Mil+
Project Capital
Close In 2 Weeks
Hard Money / Bridge
Hard money bridge loans are short-term, asset-based loans providing investors with quick funding to purchase new properties before selling their existing investments.
BENEFITS
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620+ Fico
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30% down payment
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3 year IO Option
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Full Doc & Alt Doc ok
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Loans to $3 Mil+
Best Small Apt Option
Competes With Banks
5 - 8 Units
We offer funding for 5-8 unit properties, allowing investors to qualify based on rental income, ensuring easier financing for multifamily investments.
BENEFITS
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620+ Fico
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85% LTV
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30yr, 15yr fixed, IO Option
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DSCR – Use Rents to Qualify
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Loans to $3 Mil+
Mortgage Calculator
Residential Bridge Loans
Residential bridge loans are a type of temporary loan used to bridge the gap between the purchase of a new property and the sale of an existing property. These loans are typically used by real estate investors who need quick financing for investment opportunities. Residential bridge loans have a shorter term than traditional mortgages, typically ranging from six months to three years.
Qualifications for a Residential Bridge Loan
Qualifying for a residential bridge loan is different than qualifying for a traditional mortgage. The lender will focus primarily on the property’s rental income and cash flow, rather than the borrower’s personal creditworthiness. Here are some of the qualifications you may need to meet:
- Collateral (the residential property being purchased)
- Proof of rental income (the lender will want to see proof of rental income to ensure that the property is generating enough income to cover the loan payments)
- Ability to repay (the lender will want to see that you have a plan to repay the loan)
Documentation Required for a Residential Bridge Loan
To apply for a residential bridge loan, you’ll need to provide several documents to the lender. Here are some of the documents you may need to provide:
- Personal information (name, address, Social Security number, etc.)
- Proof of rental income (rental agreements, lease agreements, etc.)
- Asset documentation (bank statements, investment account statements, retirement account statements)
- Property documentation (purchase agreement, property appraisal)
- Employment documentation (letter from employer, proof of self-employment income)
- Credit history information (credit score, past bankruptcies, foreclosures)
Benefits of Residential Bridge Loans
Residential bridge loans can provide several benefits:
- Quick financing (residential bridge loans can be funded much quicker than traditional mortgages)
- Flexible terms (bridge loans can have more flexible terms than traditional mortgages)
- Ability to purchase investment properties (bridge loans can be used to purchase investment properties)
Apply for a Residential Bridge Loan
If you’re interested in obtaining a residential bridge loan, we can help. Our team of experienced mortgage professionals can guide you through the process of obtaining a bridge loan and help you secure the financing you need. Contact us today to learn more and get started on your loan application.
FAQS
What is an investor bridge loan for investment purposes?
An investor bridge loan for investment purposes is a short-term loan used by real estate investors to acquire properties or finance renovation projects quickly. These loans bridge the gap between the purchase of an investment property and the longer-term financing or sale of the property.
How does an investor bridge loan differ from traditional financing?
Investor bridge loans differ from traditional financing in that they are short-term loans designed to provide quick access to capital for investment purposes. Unlike traditional mortgages, which have longer repayment terms, bridge loans typically have shorter terms and higher interest rates.
What are the benefits of an investor bridge loan for investment purposes?
Investor bridge loans offer real estate investors several benefits, including fast access to capital, flexible lending criteria, and the ability to finance investment properties or renovation projects without the lengthy approval process associated with traditional financing.
Who is eligible for an investor bridge loan for investment purposes?
Eligibility for an investor bridge loan is typically based on factors such as the value of the investment property, the borrower’s creditworthiness, the potential profitability of the investment, and the borrower’s exit strategy for repaying the loan.
What types of investment properties are eligible for investor bridge loans?
Investor bridge loans can be used to finance various types of investment properties, including residential properties (such as single-family homes, multi-family properties, or condominiums) and commercial properties (such as office buildings, retail spaces, or industrial properties).
How much funding can investors receive through a bridge loan?
The amount of funding available through an investor bridge loan depends on factors such as the value of the investment property, the borrower’s financial situation, the potential profitability of the investment, and the lender’s lending criteria.
What is the typical term for an investor bridge loan?
The typical term for an investor bridge loan ranges from a few months to a few years, depending on the lender and the specific terms of the loan. Bridge loans are designed to provide short-term financing until the borrower can secure longer-term financing or sell the property.
How do I apply for an investor bridge loan for investment purposes?
To apply for an investor bridge loan, real estate investors should contact lenders or financial institutions specializing in bridge lending to discuss their investment goals and borrowing needs. They will need to provide documentation of the investment property, their financial situation, and their exit strategy for repaying the loan. The lender will review the application and determine the loan amount and terms for which the borrower qualifies.
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