Bridge Plus
Bridge Plus for investors looking to quickly purchase, refinance or bridge to long term financing
- Cash-out a property while it’s on the market so you can purchase your next investment without having to wait for the property to sell
- Approvals in 24 hours
- Close in 7 to 21 days
- 600+ FICO credit score
- No income tax returns or income verification required
- Property types: Non-Owner Occupied 1-4 unit rentals, 5+ unit multifamily
- No DSCR requirements
- Term: 12 to 24 months
- Interest rates: 7 to 11% depending on credit score, experience, LTV, property condition/location
- Refinance and cashouts up to 80% of appraised value with 30 day ownership
- Purchases: up to 75% of purchase price
- Amortization: Interest only
- Lending area 43 states
- Prepayment penalty: none
- Loan amounts: $75,000 to $20 Million