Borrower FAQs
Answers to common questions about bridge loans, eligibility, and our lending process.
Loan Basics
What is a bridge loan?
A bridge loan is a short-term financing solution used by real estate investors to acquire, renovate, or refinance properties quickly. Bridge loans typically have terms of 6-24 months and are repaid when the property is sold, refinanced, or stabilized.
What types of properties do you lend on?
We lend on residential investment properties (1-4 units), multifamily (5+ units), mixed-use, and select commercial properties. We focus primarily on Florida and the Southeast, though we consider deals in other markets.
What loan amounts are available?
Our bridge loans typically range from $100,000 to $10,000,000+. Loan amounts depend on property value, location, and deal structure. We can often accommodate larger deals through syndication.
What are typical interest rates?
Interest rates typically range from 9% to 13% depending on property type, location, LTV, borrower experience, and deal structure. Rates are quoted on a case-by-case basis.
Eligibility & Requirements
What credit score do I need?
While we consider credit history, we focus primarily on the deal itself—the property, your exit strategy, and your experience. We’ve funded borrowers with credit scores ranging from 600 to 800+. The deal matters more than the score.
Do I need real estate experience?
Prior experience is helpful but not always required. First-time investors with strong deals, solid exit strategies, and good overall qualifications can still get approved. More experience typically means better terms.
What is the maximum loan-to-value (LTV)?
We typically lend up to 75-85% of property value (as-is or after-repair value, depending on loan type). LTV limits depend on property type, location, and borrower profile.
Can I finance rehab costs?
Yes, our fix & flip and construction loans include financing for renovation or construction costs. Rehab funds are typically held in escrow and disbursed as work is completed.
Process & Timeline
How quickly can you close?
We can close in as few as 7-10 days for straightforward deals. Most loans close within 14-21 days. Timeline depends on property type, title, and how quickly you can provide required documentation.
What documents do I need to apply?
Basic requirements include: purchase contract or proof of ownership, property details, scope of work (if applicable), proof of funds for down payment, and your real estate experience summary. We’ll provide a complete checklist after initial review.
Is there a prepayment penalty?
Most of our loans have no prepayment penalty or a limited prepayment penalty period. We want you to execute your exit strategy without being penalized for paying off early.
Do you require an appraisal?
Most loans require either a full appraisal or a broker price opinion (BPO). For construction or heavy rehab, we may also require an as-complete appraisal. We work with reliable, fast appraisers.
Fees & Costs
What are the origination fees?
Origination fees typically range from 1.5% to 3% of the loan amount, depending on loan size, complexity, and risk profile. Fees are disclosed upfront in your term sheet.
Are there other fees I should know about?
In addition to origination, you may pay for appraisal, title insurance, legal/doc prep, and recording fees. All fees are disclosed before you commit. No hidden costs.
Do I pay interest monthly or at maturity?
Interest is typically paid monthly. Some loan structures may allow interest reserves, where we hold funds from the loan to cover early months of interest payments.
Still Have Questions?
Our team is happy to answer any questions about your specific deal.