Bridge Loans: Fast Financing for Short-Term Needs and Property Transitions
Flexible Bridge Financing for Property Purchases, Transitions, and Renovations
Flexible Short-Term Financing Solutions
Bridge loans are short-term financing solutions designed to “bridge the gap” between immediate funding needs and long-term financing. Often used in real estate transactions, bridge loans provide quick access to capital for property purchases, renovations, or to cover gaps during transitions between properties. These loans are typically repaid within 6 months to 3 years, making them an ideal solution for investors and business owners in need of fast, flexible funding.
At Lender Capital Group, we offer tailored bridge loan solutions to help real estate investors, developers, and business owners manage short-term financing needs. Whether you’re purchasing a property before selling another or need quick funding for renovations, our bridge loans provide the flexibility and speed you need to stay competitive in a dynamic market.
Service List
- Hard Money Loans
- Multifamily Property Loans
- FHA Loans
- Hospitality Industry Financing
- Office Building Mortgages
- Bridge Loans
- Industrial Property Loans
- Jumbo Loans
- VA Loans
- Commercial Real Estate Loans
- Construction Loans
- Special Purpose Property Loans
- Conventional Loans
- Residential Mortgage Loans
- Retail Property Loans
- HELOC
- Industrial Property Financing
Why Choose a Bridge Loan?
Fast Access to Capital
Bridge loans are known for their quick approval and funding process, allowing borrowers to access capital in a matter of days. This speed makes bridge loans ideal for time-sensitive real estate transactions and property purchases.
Short-Term Financing
Bridge loans are typically short-term, with repayment terms ranging from 6 months to 3 years. This allows borrowers to secure temporary financing while they wait for long-term solutions, such as permanent mortgages or property sales.
Flexible Loan Terms
Bridge loans offer flexible terms, including interest-only payments and the ability to customize the loan structure to fit your short-term financing needs.
Property-Based Lending
Bridge loans are typically secured by the property being purchased or refinanced, meaning the approval process is based more on the value of the property than on the borrower’s credit score.
Ideal for Real Estate Investors
Real estate investors often use bridge loans to purchase properties before selling another or to fund renovations that increase the property’s value. The short-term nature of bridge loans makes them a valuable tool for real estate professionals looking to seize time-sensitive opportunities.
Bridge Loan Qualifications
To qualify for a bridge loan, you’ll need to meet the following criteria:
Property Type
Bridge loans can be used to finance a wide range of properties, including residential, commercial, and investment properties.
Loan-to-Value Ratio (LTV)
Lenders typically offer bridge loans with an LTV ratio of 70% to 80%, meaning they will loan up to 70% to 80% of the property’s value.
Credit Score
While bridge loans are more flexible than traditional loans, a minimum credit score of 600 or higher is generally required. Higher credit scores may result in more favorable terms.
Equity in Property
Bridge loans are asset-based, meaning you’ll need to have equity in the property being used as collateral. Lenders will assess the property’s value and your equity to determine loan eligibility.
Exit Strategy
A clear exit strategy, such as selling the property or securing long-term financing, is required to qualify for a bridge loan.
Multifamily Property Loan Process: Step-by-Step
01.
Pre-Approval and Application
Start by submitting an application for a bridge loan. We’ll review your financials, including your credit score, income, and property details. You’ll also need to provide information about your exit strategy, such as plans to sell the property or secure long-term financing.
02.
Property Appraisal and LTV Assessment
An appraisal will be conducted to assess the current market value of the property being used as collateral. We’ll also evaluate the loan-to-value (LTV) ratio to determine the maximum loan amount.
03.
Loan Approval and Funding
Once your bridge loan is approved, funds are disbursed quickly, often within a matter of days. This fast funding process allows you to move forward with property purchases, renovations, or transitions without delay.
04.
Repayment and Exit Strategy
Bridge loans are typically repaid within 6 months to 3 years, depending on the loan terms. Repayment often involves selling the property, securing long-term financing, or refinancing into a traditional mortgage.
Benefits of Bridge Loans with Lender Capital Group
- Quick Access to Capital: Bridge loans provide fast approval and funding, allowing you to move quickly on time-sensitive opportunities.
- Short-Term Financing Solutions: With repayment terms ranging from 6 months to 3 years, bridge loans offer the flexibility to secure temporary financing while you wait for long-term solutions.
- Flexible Loan Terms: We offer customizable bridge loan solutions with flexible terms, including interest-only payments, to meet your short-term financing needs.
- Property-Based Lending: Bridge loans are secured by the property, making them ideal for real estate investors and business owners with substantial equity in their properties.
Don't Hesiate To Contact Us
Looking for fast, flexible financing to cover short-term needs? Contact Lender Capital Group today to learn more about our bridge loan options and get the capital you need to move forward with your real estate investments or property transitions.