Bridge Loan Rates
Although the rates vary depending on factors such as your creditworthiness and the current prime rates, these loans typically carry a rate that’s around 2% above the average for fixed-rate loans. They also may include hefty closing costs that help offset the lender’s increased risk level. Risks might include securing the financing with a property in need of rehab to meet lending standards, lending to a borrower who doesn’t meet the standards for traditional financing or providing financing in special circumstances, a situation in which most traditional lenders don’t deal.
Because of the higher risk, you should expect higher rates and increased up-front costs. Before taking a bridge loan, consult an experienced advisor to answer any questions or to have this professional walk you through the process.
General Terms and Conditions
0.675% Monthly Interest Rate
Loan To Value Up To 70%
Terms Up To 12 Months
Origination Fees 2%
We have some of the most favorable terms in the industry and understand how important it is to offer our clients fair terms. Our customers can count on never having to be penalized for paying off a loan early or be hassled with “junk fees” and ridiculous terms. Call or apply now and see just how great our terms are. (310) 714-5616
How it Works?
It takes less than 10 minutes to complete our simple, loan application in order to get the answers you need.
Within 24 hours of receipt of your loan application, we will provide you a written offer disclosing all terms in a clear, easy to understand manner.
In a matter of days, not weeks like most lenders, the loan is funded through escrow and funds wired to you directly.
You make monthly payments to us via mail, phone or direct deposit. It’s that easy.
Rate and terms are subject to change without notice. Some restrictions may apply. Subject to credit approval