Bridge Financing for Investment Properties
Mortgage Equities can provide bridge loans at a speed and simplicity that is unmatched by traditional bank financing. We can quote terms quickly over the phone and typically close without an appraisal.
Mortgage Equities provides bridge loans with a maturity up to 3 years and we work hard to create a successful outcome for borrower. We understand our bridge loan is temporary. Even as maturity dates approach, we can be flexible to our borrowers in good standing should the need arise.
We enjoy creating relationships with our borrowers that go beyond our industry standard and only consider a transaction successful if a borrower profits from the project.
Bridge Loan Guidelines
Amounts
$75,000 to $3,000,000
Term
1 to 3 years
Amortization
Interest only
Appraisal
Typically not required
Rates and Fees
Negotiable- Depends on term, amount, LTV, and collateral.
Borrower Requirements
- Current financial statement
- 2 years tax returns
- Credit report
Title Insurance
ALTA Extended Title Coverage is required.
Lending Areas
Washington, Oregon, Idaho
Acceptable Collateral
First Lien Position on
Rental properties
Non owner occupied properties
Apartments
Mobile home & RV parks
Self storage
Light Industrial
Office
Medical Clinics
Neighborhood shopping centers
Non owner occupied properties
Apartments
Mobile home & RV parks
Self storage
Light Industrial
Office
Medical Clinics
Neighborhood shopping centers
Excluded Property Types
Taverns
Restaurants
We will consider other types of income property.
Restaurants
We will consider other types of income property.
