Stabilized Bridge Loans (DSCR and NON- DSCR)

NON DSCR

Max LTV

700 FICO:

70% if property owned >6 months

660-699 FICO:

65% if property owned >6 months

Min DSCR

N/A

Min FICO

660

Bridge financing for properties that were recently renovated or constructed and is currently/soon to be listed for sale.

Loan Amount

Min: $75,000

Max: $1,500,000 / larger loans allowed at lender discretion

Term Length

12 Months, up to 18 at lender discretion

Property Types

Single Family/2-4 Unit/Townhomes/PUD/ Warrantable Condos

Property Condition

C2 or better

Collateral Restrictions

Property value within 90th percentile of market

No rural, exotic, or unique properties.

DSCR

Max LTC

85% of purchase price + verified completed capex if property owned <6 months

Max LTV

70% LTV

Min DSCR

1.10 Exit DSCR based on lower of in place rent and market rent

Min FICO

660

Purpose

To provide bridge financing on a property that is currently rented or soon to be rented, but is not yet ready for permanent financing.

  Loan Amount

Min: $75,000

Max: $1,000,000 for SFR,

$2,000,000 for 2-4 unit / larger loans allowed at lender discretion

Term Length

12 Months, up to 18 at lender discretion

Property Types

Single Family/2-4 Unit/Townhomes/PUD/ Warrantable Condos.

Property Condition

C4 or better with no deferred maintenance

Collateral Restrictions

No rural, exotic, or unique properties