Bridge Loans
At IGR Mortgage Services we provide Bridge Loans for real estate investors to provide short-term financing for a variety of lending situations. Banks and conventional lenders don’t offer these Bridge Loans, so private money fills the void enabling investors to take advantage of opportunities they would otherwise be unable to undertake.
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Bridge Loan Overview
In its most basic form, a real estate bridge loan is short-term financing provided to a borrower to allow them to purchase a property before their currently owned property is sold. Bridge loans are short-term loans for real estate transactions which generally require quick funding. A property owner uses a bridge loan to borrow against the equity in their existing property to finance the purchase of a new property. As soon as the new property is acquired, the previous property is sold in order to pay off the bridge loan. Bridge loans can also be utilized in reverse order by obtaining the loan against the new property being purchased and then paying off this loan when the previous property is sold. Bridge loan financing typically has a term of 12 to 24 months. IGR Mortgage Services is able to provide funding for hard money bridge loans on investment property within a matter of days.
Bridge Loan Features:
Flexible underwriting and FICO’s from 500. Other highlights:
- Loan Amounts from $75K to $5M
- Loan-To-Value Ratios to 75% (Fix & flip Up To 90% of Cost)
- Loan Terms of 12 to 24 Months
- Use of Funds For Purchase, Refinance or Cash-Out.
- Loan to Individuals, Entities, Trusts, Foreign Nationals
Why You Should Use A Bridge Loan
It's Flexible and Hassle-Free: Bridge Loans are a type of short-term financing (12-24 months) for real estate investors who want to finance the purchase and/or rehab of their investment property with a Fix & Flip loan or a Cash Out Refinance loan... instead of using cash.
Fast Funding: Conventional lenders and banks are unable to provide bridge loans to investors. With a Bridge Loan by IGR Morgage Services there are flexible guidelines, underwriting, and a stream-lined process that will provide you with rapid access to funds.
For Real Estate Investors of every experience level: A Bridge Loan is a great solution to help investors build their real estate businesses and portfolios.
Funding alternaives for all types of properties: At IGR Mortgage Services we have Bridge Loans that are suited to your investment needs. These are some of our Bridge Loan options for Real Estate Investors: Fix and Flip, Cash- Out Refinance, or Purchase Money.
Few lenders do Bridge Loans, however at IGR Mortgage Servives we have surpassed the status quo of standard bank loans and conventional loans by providing Bridge Loans to Real Estate Investors Nationwide.
Eligible Properties For Bridge Loans
Residential 1 to 4 Units
Residential is classified as single-family and plexes up to four units including condominiums, rowhouses, townhomes and P.U.D’s. At IGR Mortgage we provide funds to investors to purchase, refinance, fix & flip, or hold and rent.
Multi-Family 5 to 100 Units
Multi-family is housing where multiple units (5+) for residential use are in one or more buildings within a community or complex. We provides funds to investors to purchase or refinance with loans amounts of $100K to $5M.
Commercial & Mixed-Use
Mixed-Use is a project that blends residential and commercial uses into one integrated complex or building. Common loan scenarios are purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take-out.
If you have a question about a Bridge Loan give us a call to discuss the scenario. One ten-minute call may just be the ticket to a fast solution to meet your financing objectives!
IGR Mortgage Services has been providing investors with hard money loan options for over 30 years. We offer Fast & Affordable financing. for investors of every experience level. Call today to discuss your scenario!
Call 888-732-9450
IGR Mortgage Services
National Hard Money Loans
Stated Income & No-Doc Qualifying
Hassle-Free Loan Processing
503-504-2660/888-732-9480