1-4 Unit SFR Bridge Loans

This loan product is tailored for experienced rehab investors with a proven track of acquiring, renovating and selling or leasing residential non-owner occupied property.

Fix-Flip & Bridge-to-Term Line-of-Credit

Fortunately or unfortunately—we're not a bank.  Therefore, we're not cuffed with the same iron shackles the bank underwriters now wear.  That's your first bit of good news.

Furthermore, you'll find this bridge lending solution defies some of the typical hard-money (private!) lending that the industry has grown accustomed to.

As you know, the typical hard-money lender's main consideration is the asset.  Hence, the term asset-based lending.  Customarily, with a Letter of Interest/Term Sheet issued on a deal-by-deal (one-off) basis.

Although we acknowledge that as one underwriting approach, nevertheless, the primary consideration for our approach is to vet the operator's prior track record first—and start that long-term relationship toward massive success.

Therefore, if you've proven the knack to repeatedly acquire, rehab and sell/lease property, then the first step is to qualify for your $1mm credit line.

Here's a glimpse of some of the benefits you'll enjoy...

  • Non-recourse loan
  • Deals funded in 3-4 weeks (only for approved operators)
  • Points and interest only charged when you draw on your line
  • Rates as low as 8% and 3 points
  • No unused line fee

If you get approval for your line-of-credit, then what happens next is you shall get assigned to a relationship manager whom you can submit your future deals to.  Upon each deal submission, they will initiate a due diligence period of: BPO, appraisal and etc for that asset.

The goal for the due diligence is more geared to determine how much 1st-lien exposure shall get approved on your line-of-credit for that deal.

Again, this is where it differs slightly from typical hard-money lending where it's a straight-out Yeah on a "one-off" type deal; or a Neah—and you're gone.

In this relational style format, the lender is not really interested in saying No.

We're more interested in determining how much exposure to assume on a given deal—which then leaves the onus on the operator to use his/her own cash for the remainder.

Clearly, the goal is to weed-out the borrowers who have no chance of crossing-the-finish line.  And focus on operators (investors!) who can ramp-up quickly; hence the $1Million minimum credit line.

The three fees...

Generally speaking, there are three types of fees you can expect.  The first fee is the initial (one-time) new borrower due diligence fee of $1,000 to check the entity; and $50 per principal credit/background check.

Assuming you're approved, then any future fees you can expect fall into two categories:

  1. Property due diligence fees
  2. Funding fees

As mentioned previously, the funding fees (points & interest) are only charged when you draw on your line.

As far as property due diligence fees, the borrower shall pay for lender's BPO/appraisal and property inspection costs on each property.

Ultimately, this relational style lending approach creates a long-term alignment of interests.  And we know that in real estate "...the pigs get fed; and the hogs get slaughtered."

If you're looking for a win-win way to grow your real estate investing business—your wealth—then sign in today and see for yourself!

Please accurately fill form to ensure a timely movement through our analyst department.  Borrower information and track record shall be verified.

Fill in this borrower form

Chicagoland property only (Cook, Lake & Will County)

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Disclaimer

This preliminary data gathering is for discussion purposes only and is subject to Lender's satisfactory completion of due diligence, internal credit approvals and satisfactory legal review (all of which shall be at Lender's sole and absolute discretion).

By you completing any form on this site does not impose any obligation on the Lender to make the loan.  By you completing any form on this site does not impose any obligation whatsoever upon you—the prospective borrower—to accept the loan.