Bridge Loans for Real Estate Investors

Stabilized Bridge terms, upfront

These are program standards, straight from our terms sheet. Points and fees vary by deal; the leverage, loan sizes, and structure don't.

Business-purpose, non-owner-occupied only; entity borrowers (LLC or corporation) required; full recourse. Rates shown are the lowest offered and depend on borrower FICO, experience, and the deal. Points and fees vary. *Stabilized Bridge offers a no-DSCR option for properties listed for sale and a 1.10x exit-DSCR option for rent-ready properties. Not available in every state. Nothing here is a commitment to lend or an offer of specific terms; all loans subject to underwriting and approval.

Who this loan is for

Bridge financing is about time. You've got a property that works — or is about to — and you need money now, before the long-term plan kicks in. It fits investors who:

• Need to close fast on a property that's in good shape, and can't wait on a 30-year loan to get through underwriting.
• Finished a rehab and are leasing up. The tenants aren't all in yet, so a DSCR loan doesn't work today — but it will soon.
• Want to pull equity out of a property to fund the next deal, then refinance or sell.
• Are selling and need to carry the property until it closes. The no-DSCR option is built for properties listed for sale.
• Are switching strategies — flip to rental, rental to sale — and need a loan that doesn't lock them in.

If the property still needs real work, start with a fix and flip loan instead; it includes a rehab budget. All bridge loans are business-purpose, non-owner-occupied, to an LLC or corporation, and full recourse.

What you'll need

• The property: address, what you paid or are paying, and its current condition.
• The income: leases and rent roll if it's rented, or market rent if it's rent-ready.
• The exit: refinance into long-term debt, or sell. Tell us which, and when. This is the most important part of a bridge request.
• Credit: a 660 minimum FICO.
• Your entity and guarantee: an LLC or corporation, plus a personal guarantee.
• Reserves: cash to carry the payments if the lease-up or the sale takes longer than planned.
• First lien position: no seconds or gap funding behind us.

A worked example

The exit is the whole game

Bridge loans are short on purpose. Twelve months goes quickly when you're waiting on tenants, a buyer, or an appraisal. The deals that work best come in with an exit that's already lined up on paper: the rent the property will earn and the long-term loan it'll qualify for, or the price it'll sell for and how long that should take.

If you're not sure the exit holds up, send us the deal before you commit. We'd rather tell you now than watch you scramble in month eleven. And if a bridge isn't the right tool, we'll say so — and point you to the one that is. Not sure which short-term loan fits? Read bridge loan vs. hard money loan.