Bridge Loans

Grow your investor business with a bridge loans – ideal for temporarily holding assets.

Key Facts About a Bridge Loan

As-is appraisal only, no ARV
No-fee alternative valuation option now available (for eligible properties)
Self-funded cosmetic rehab allowed (up to 25% of cost basis)
Up to 80% LTV for purchases | Up to 75% LTV for refis
Foreign Nationals eligible

Optional interest reserves
NO prior experience required
12- or 18-month property loan terms
Individual property loan amounts from $50K to $3MM
Minimum 620 FICO

Bridge Loan	Bridge Plus Loan
LOAN PURPOSE	Bridge (self-funded cosmetic rehab allowed up to 25% of cost basis, no rehab holdback) Property as-is must be 100% complete and marketable Requires FACo Exposure Limit approval Purchase and refinance transactions eligible	Bridge (self-funded non-structural rehab allowed up to $100K max, no rehab holdback) Property as-is must be 100% complete and marketable Requires FACo Exposure Limit approval Purchase and refinance transactions eligible
INTEREST RATE	Call for Quote	Call for Quote
LOAN AMOUNT	$50K – $3MM	$100K – $1MM
LOAN TERM	12 months standard, 18 month option available (subject to loan level pricing adjustment)	12 months standard, 18 month option available (subject to loan level pricing adjustment)
BORROWER TYPE	Entity or Individual	Entity or Individual
MINIMUM EXPERIENCE	NO prior experience require	5+ experience (flip, build, or rental) required. Experience is based on a 36 month lookback period.
REFINANCE MAXIMUM LEVERAGE LOAN-TO-COST (LTC) LOAN-TO-VALUE (LTV) COST IS PURCHASE PRICE AMOUNT	Up to 75% LTC / 75% LTV	Up to 80% LTC / 70% LTV
PURCHASE MAXIMUM LEVERAGE	Up to 80% LTC / 80% LTV	Up to 90% LTC / 80% LTV
WHEN DO WE USE COST BASIS?	Used on purchases and refinances owned < 180 days Cost Basis is defined as [Purchase Price + cost of work already completed (verified and provided by Inspector)]	Used on purchases and refinances owned < 180 days Cost Basis is defined as [Purchase Price + cost of work already completed (verified and provided by Inspector)]
REHAB ALLOWED	Up to 25% of cost basis (must be cosmetic only) (Hard costs only — soft costs, GC fees, contingency fees do not apply)	Up to $100K non-structural rehab allowed
FOREIGN NATIONALS	Not allowed from ineligible country list Limited to: 75% LTC / 70% LTV max	Not allowed from ineligible country list Limited to: 80% LTC / 70% LTV max
PROPERTY TYPE	Non-Owner Occupied: Attached or detached SFR 2-4 unit properties Multi-family 5-20 unit properties Mixed-use Condos	Non-Owner Occupied: Attached or detached SFR 2-4 unit properties Multi-family 5-20 unit properties Mixed-use Condos

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