Short Term Rental Loans – Stabilized Bridge
For borrowers looking to purchase or refinance a turnkey property
1 Year Short Term Bridge Loan
Short Term Rental Loans – Stabilized Bridge Program
This program is for borrowers looking to purchase or refinance a turnkey property using a short term rental loan also known as a stabilized bridge loan. Some of the reasons you would opt for this vs a 30 year loan are as follows :
- Rehab was just completed; you want to rent it for a year and then sell it
- You’re buying a turnkey rental and the rents are below market and won’t debt service for a 30-year loan, this gives you the capital to acquire and raise the rent, then qualify for a 30 year loan.
- You just finished the rehab and need to get some of your cash out to buy your next property or just increase your cash on hand.
- You have a free and clear property and need cash quickly to buy another property.
Submitting your application package is quick and easy.
Hassle Free Purchase Money Loans
We only accept investment properties (1-4 unit residential), townhouses and warrantable condos for this type of loan. We will NOT lend on owner occupied homes. All properties must close in a Corp or LLC name.
Many of our borrowers use their own funds to purchase properties for cash and then use our purchase money and cash out refinances program to pull either some equity back out of the property to fund their next deal, this program is ideal for those that just rehabbed a property and either its rented or vacant, and they want to cash out to do their next deal. Both our Hard Money purchase money and cash out refinances as well as our 30 Year rental loans for landlords purchase money and cash out refinances can close in a short amount of time.
Stabilized Bridge Loan Requirements
- 660+ Mid Credit Required
- Loan Amounts from $75k to $1MM for SFR, $2MM for 2-4 unit
- Rates Starting From 11%
- 1-4 unit residential only, townhouses and warrantable condos
- Available in 45 States + Washington DC
- No pre-payment penalty on the 1-year bridge
- Direct Lender
- Fast Closings – as quick as 7 days
- Brokers always protected
- NO rural properties