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Bridge Loans

12-Month Bridge Loans Structured for Borrowers with a Clear Exit Strategy

12-month bridge loans are primarily used by the real estate investor who needs short-term financing to acquire a property quickly (3-10 day escrow period) and who has a very clear exit strategy.  Some investors use the loan for as little as 30 days, while others need the loan for the full 12 months.

Bridge Loan Program Features:

  • Program available for both purchase and refinance.
  • Most property types considered (SFR, 2-4 units, Multi-Family, Commercial, & Industrial).
  • Up to 75% loan-to-value (LTV) for residential loans; reduced LTV for commercial loans.
  • Property site inspection only — no cost to borrower for site inspection.
  • Rates start at 9.00% Interest-Only; portfolio average is 10.50%.
  • No prepayment payment penalty or interest reserve requirements.
  • Note extensions are possible w/ on-time payment history and subject to investor (lender) approval.
  • Available in California, Oregon, and Washington metropolitan markets.