Rental Property Bridge Loans

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Obtain bridge financing for rental properties with terms up to 36 months

and rates starting at 4.75%

LOAN CRITERIA

Collateral:

Non-Owner Occupied 1–4 Family & Multi-Family Real Estate;

Condos; Townhomes; 5+ Unit Apartments; Mixed-Use Properties

Rates:  

Starting at 4.75%

Term:  

24 months (12 Month Extension Available*)

Loan Amount:  

$50K–$5M**

LTV:

Purchase: The Lesser of Up to 75% of the As-Is Value

or Up to 80% Loan-to-Cost

Refinance: Up to 70% of the As-Is Value

Cash-Out: Up to 65% of the As-Is Value

Property Value:

“As-Is” Appraised Value Must Be Greater Than $75k

Credit Score:  650 Minimum

Rent Coverage Ratio (Monthly Rent/Monthly Interest):

1.15

* Extension Fee Applies

** $1M max per unit