Bridge Loans
We lend to real estate investors looking for competitive rates and a personalized, reliable lending experience.
No Personal Information Required
Scroll to Learn More
Bridge Loan Criteria
If you and your property meet our qualifications, we’ll fund your deal.
We can tailor a loan to fit your purchase and rehab.
Property Types
Single Family (1-4 units) and Multifamily (5-20 units)
Property Type
Investment, Non Owner Occupied
Loan Amount
$75k - $5M (1-4 Units) up to $20M (5+ Units)
Term
12 - 24 Months
Type
Interest Only
Rates
From 10.00%
Max LTC
80% of Project Costs
Max Rehab
100% of Rehab
Max LTARV
80% of After Repair Value
Minimum Credit
660
Preferred Experience
2+ Transactions in the Past 36 Months
What is a bridge loan?
A bridge loan is also often referred to as a fix and flip loan. In short, bridge loans are a short term financing options widely used to acquire and rehab properties for the purposes of reselling or holding. Bridge loans are typically for a 12 month term or less and the payment terms are usually interest only with a balloon payment at maturity.
Bridge loans are a great tool for real estate investors to acquire properties quickly and take advantage of the increased value to continue to grow their portfolio.
What type of properties are eligible for LendSimpli bridge loans?
The following types of properties are eligible for LendSimpli bridge loans:
-
- Single family residence
- 2 – 4 unit properties
- Multifamily 5 – 20 units
- Townhouses
What information is required for LendSimpli bridge loans?
We make it simple. You can upload the below information to your secure borrower portal and communicate directly with the team as they underwrite.
- Application
- Photo ID
- Purchase Agreement
- Itemized Rehab Budget & Schedule, if applicable
- Bank Statement/Money Market/Brokerage Account to Show Liquidity
- Proof of Experience, if applicable
- Entity Documentation
Other documents may be requested based on the individual circumstances and collateral.
Does LendSimpli lend on construction or rehab?
Yes! LendSimpli can provide financing on the acquisition and renovation of your property. We can lend up to 100% of the rehab costs.
Is there a prepayment penalty for LendSimpli bridge loans?
No. There is no prepayment penalty on LendSimpli bridge loans.
Low Cost Financing
Our rates are competitive and our origination costs are low. We never charge an application fee.
Simple Funding Process
With an easy to use secure portal and common sense underwriting, we are able to close more deals and open more doors for our borrowers.
Work Directly With The Underwriting Team
We built our secure borrower portal for ease of use. Our underwriting team communicates directly with you to provide feedback and updates throughout the process. You choose how you’d like to work via web, mobile or through email.
We Want To Earn Your Business
Our Team is Here For You
At LendSimpli, our team takes pride in providing financing resources to our borrowers to allow them to continue to grow their real estate portfolios. Schedule a call and take 5 minutes to see how we can assist you in achieving your investing goals.
Call Us NowSchedule Call
