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RESIDENTIAL HARD MONEY BRIDGE LOANS

Rates as low as 7.49%
Up to 80% of purchase
UP TO 70% CASH OUT 

We provide funding for purchase only transactions and cash out refinancing.  Our loans are easy, straight forward and require minimal paperwork.  General guidelines:

  • 7.49% to 11.99%, annualized simple interest (based primarily on experience and credit)

  • Purchase or Refinance

  • 12 months (extensions available)

  • $75,000 to $2,500,000

  • Property types: Single family, townhomes, condos, mixed-use (majority residential), multi-family up to 10 units

  • Up to 80% of purchase price for properties in good condition, no rehab needed (LTV based primarily on experience and credit)

  • Up to 70% cash out (based on experience and credit)

  • Close within days of appraisal and satisfactory title work

  • No tax returns | No employment verification | No seasoning of funds

  • We are based in Washington DC but can lend up and down the East Cost (and other states case-by-case)

 

HARD MONEY BRIDGE LOANS EXPLAINED

A hard money bridge loan is a short term loan secured by real estate. Typically, borrowers need a  hard money bridge loan because they need to close fast and are unable to wait for a conventional lender to finance the loan.  Sometimes, the borrower does not qualify for a bank loan due to credit/income (or) the property does not qualify because it is not adequately stabilized.  These loans can be used to purchase or refinance investment properties. Contact us if you have any questions or if you have a loan scenario you would like to discuss.