Bridge Loans
Already have a bank that wants to fund your project but can’t close in your timeframe? We can help close the gap between acquiring your property and getting your bank loan funded. In states that require “good funds” we can help fund same-day transactional deals for “wholesalers” that are quickly reselling to another investor.
- Initial terms up to 6 months
- Interest-only payments
- No pre-payment penalty, no minimum interest
Construction - Fix and Flip Loans (and Fix and Rent)
Fix and Flip loans are for investors looking to buy discounted properties, fix them up, then flip (or, in the case of hold for rent, refi with the bank or mortgage lender of your choice). With attractive rates and up to 90% of purchase & rehab costs, these loans are a great way to get your project moving.
- Initial terms up to 6 months
- Interest-only payments; no interest charged on undrawn rehab funds
- No pre-payment penalty, no minimum interest
- No minimum credit score
General Requirements
Lien Position: 1st mortgage only
Property types financed: 1-4 family, multifamily, developed lots (case by case basis)
Max LTV: 75% of ARV (After Repaired Value)
Occupancy: Investment (non-owner occupied) only