hard money loans
HARD MONEY OR BRIDGE LOANS for Real Estate Properties
Compare Alternative Lending loan offers from direct lenders, hard money lenders, private money lenders, trust deed groups, individual local trust deed investors, mortgage pools, hard money funds, wholesale lenders and more. It’s easy!
Who are Bridge Loans Suited For?
Our bridge loan program is for seasoned investors, Contractors & Developers who need a bridge loan to close quickly on a property.
Residential Commercial or Land:
Owner Occupied, Non Owner, Investment, Second Home, Owner User, Business Use, Business Purpose, Corp. as Borrower, LLC on Vesting, No Fico, Bad Fico, Foreign National, Property in BK, Foreclosure Bailout, Active Red Tag, Raw Land, Leased Land, Etc. Approved Loan Programs Verified
Purchase Refinance CashOut or Flip:
Up to 75% LTV on Purchase, Unlimited Cash Out, Fixed Term Loans, Bridge Loans, Longer Term, Amortized 30 or 40 Years, Interest Only, After Repair Value, Purchase off Appraised Value, Higher Value after 1 Day Title Seasoning, Construction, Rehab, Flip, No Pre Payment Penalty, Transactional Funds, Etc
Property Types We Bridge for Real Estate Properties:
We lend on single-family residence, 2 to 4 units, townhomes, planned unit developments (PUDs), or condominiums, commercial properties. All properties must be non-owner occupied. Foreign nationals are subject to a reduced loan to cost (LTC) and loan to value (LTV) thresholds.
How do Bridge Loans Work?
We fund into LLC’s with borrowers who have completed at least 1 property in the past 12 months. Underwriting is based on predicate experience, credit, background, and capital liquidity. Our focus is to understand your business.
We require a minimum score of 650+ and a $100,000 loan amount. All of our loans are funded between 7-14 business days funding time. Once you have filled out an application and been pre-qualified for your loan you will need to provide specific documentation.
Bridge Program Criteria
To get a Bridge Loan started you will need:
- A minimum of 1 stabilized property in the last 12 months
- A 650+ minimum score
- $100,000 up to $50,000,000 non-owner occupied property
- 3 months of recent bank statements
- Score and background check
Terms
- Must be rent ready
- Up to 75% LTV
- Rates starting at 6.99%
- 6 to 60 month flexible terms
- Prepayment penalties may apply
