Most property types accepted
No minimum credit score!
Up to $2,500,000
The bridge loan program is our most popular loan product due to it's flexibility; mainly due to having no minimum credit score. Aside from no minimum credit score, there are additional benefits such as no prepayment penalty, flexible underwriting guidelines, and convenient monthly interest-only payments to keep payments low. Like all of our loan programs, applying for our Bridge Loan does not have any minimum time in business requirement, no minimum monthly revenues, and absolutely zero income documentation; a true asset-based loan.
ELIGIBLE PROPERTY TYPES: Single Family, Condo, Townhouse, 2-4 Units, Multifamily 5+, Mixed-Use
Time In Business
Bridge Loan Lending Territory
BRIDGE LOAN OVERVIEW
Single Family, Condo, Townhouse, Multifamily, Mixed-Use
Reasons to choose a Bridge Loan
Purchase a property
Convert equity into cash
Consolidate business debts
Purchase a business
Startup business funding
Please complete all required fields below to generate your Quick Quote. There is no sensitive information required to receive initial loan pricing and terms. To ensure accuracy, please answer all questions to the best of your ability as it will directly impact loan pricing.
Additional Bridge Loan Program Details:
Properties zoned for commercial use (Multifamily 5+ units or Mixed-Use) are subject to a minimum $250,000 loan amount.
Properties zoned for commercial use (Multifamily 5+ units or Mixed-Use) are eligible for financing in NJ, NY, CT, FL. Eligible commercial properties located in other states will be considered on a case-by-case basis.
Maximum 75% Loan-to-Value (LTV) is reserved for applicants with a 675+ credit score. If credit score is below 675 then a maximum 65% LTV is in effect.
No minimum credit score for properties located in NJ, NY, CT, FL. We will consider no minimum credit score for all other states on a case-by-case basis. If the credit score is 675 or greater it automatically meets the program guidelines for all eligible states listed on the map above.
Minimum loan amount is $200,000 if credit score is less than 675
First-time real estate investors are capped at 70% LTV
Foreign investors are capped at 65% LTV
The above parameters are common questions we receive and meant to help provide further insight into the qualifying process. The above details are not all-encompassing; additional underwriting guidelines apply. Your loan officer will review your scenario in its entirety to ensure loan program eligibility.