Offers Bridge Loans that also serve as interim financing for the quick closing of rent-ready investment properties requiring minimal or no renovations. These loans are designed to bridge the gap until conventional or DSCR financing can be secured or the property is sold.
85% of purchase + completed capex if owned <6 months
Eligible
Loan amounts for NO DSCR and DSCR Exits
LTV
Minimum FICO
N/A
Single family/2-4 unit/Townhomes/PUD/Warrantable condos
C2 or better
Property value within 90th percentile of market
No rural, exotic, or unique properties
LTV
Minimum FICO
1.10 exit DSCR based on lower of in place rent and market rent
Single family/2-4 unit/Townhomes/PUD/Warrantable condos
C4 or better with no deferred maintenance
No rural, exotic, or unique properties
* Non-owner-occupied loans ONLY. All products are intended for residential properties.
** The rates shown represent the lowest possible options. The actual rates and deals you receive may change based on various approval criteria, including your FICO score, past experience, duration of ownership, among others.
*** We do not currently lend in the following states: