Bridge Loan
Commerical Bridge (No Rehab)
Program #LG369
Commerical Bridge (No Rehab)
Program #LG369
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | Mixed use, Multi Family, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $100,000 |
| Loan amount Maximum | $4,000,000 |
| Interest Rate Minimum | 9.5% |
| Terms | 1 year, 2 year, 3 year, 4 year, 5 year |
| Typical Days Required to Fund | 6-10 Business days |
| Interest Only or Amortized | Interest Only |
| Lien Position | 1st |
| Prepayment Penalty | No Prepayment Penalty |
| Intended Occupancy | Tenant |
| General Pricing or Guideline info | Loan Amount: $100K - $4M Rates: Starting at 9.5% Max Loan to Value: Up to 80% Max Loan to Cost: Up to 80% Personal Income Requirements: None Prepayment Penalty: None Term: 12 month term and I/O up to 5 years (no amortization period) Eligible Properties: Non-owner occupied single family properties, townhomes, multi-family properties, and mixed-use properties (50% + of square footage is residential) Number of Units: No limit Bridge Loan Requirements Our bridge loan lending team at Revolution Realty Capital has funded over $1 Billion in deals. Our short term bridge loans are designed for projects that don’t require rehab. We offer no prepayment penalty, up to 80% loan to value (LTV) ratio and higher LTV’s for proven borrowers, 80% loan to cost (LTC), plus quick pre-approvals for fast funding. What is a Bridge Loan Bridge loans — also called interim financing, gap financing, or swing loans — are short term loans designed to provide immediate funds during a transition period while waiting for permanent funding on properties that don’t require rehab. Typically, bridge loans are secured with another property as collateral. Commercial bridge loans are effectively fix and flip loans without the renovation component. Bridge lending is not typically offered by banks or credit unions and instead offered by private lenders, hard money lenders, and specialty finance companies. Bridge loan lenders consider the following for investors applying for bridge financing: •Real estate investment experience •Credit score •Clean criminal and financial background •Size of the down payment •Liquid reserves |
| Updated as of | 2023-11-24 |
Loans Amount: $100K - $4M
Rates: Starting at 9.5%
Max Loans to Value: Up to 80%
Max Loans to Cost: Up to 80%
Personal Income Requirements: None
Prepayment Penalty: None
Term: 12 month term and I/O up to 5 years (no amortization period)
Eligible Properties: Non-owner occupied single family properties, townhomes, multi-family properties, and mixed-use properties (50% + of square footage is residential)
Number of Units: No limit
Bridge Loans
Requirements
Our bridge loan lending team at Revolution Realty Capital has funded over $1 Billion in deals.
Our short term bridge loans are designed for projects that don’t require rehab. We offer no prepayment penalty, up to 80% loan to value (LTV) ratio and higher LTV’s for proven borrowers, 80% loan to cost (LTC), plus quick pre-approvals for fast funding.
What is a
Bridge Loans
Bridge loans — also called interim financing, gap financing, or swing loans — are short term loans designed to provide immediate funds during a transition period while waiting for permanent funding on properties that don’t require rehab. Typically, bridge loans are secured with another property as collateral.
Commercial bridge loans are effectively fix and flip loans without the renovation component. Bridge lending is not typically offered by banks or credit unions and instead offered by private lenders, hard money lenders, and specialty finance companies.
Bridge loan lenders consider the following for investors applying for bridge financing:
•Real estate investment experience
•Credit score
•Clean criminal and financial background
•Size of the down payment
•Liquid reserves
- Joseph Neill
Director of Servicing Oversight & Asset Management
