| Bridge Loan Lending Parameters | |
|---|---|
| Loan Amount | $2M - $50M+ |
| Interest Rates | Starting at 10.5% |
| Loan Terms | Up to 24 months |
| Loan-to-Value (LTV) | Up to 70% |
| Closing Time | Less than two weeks |
Assess Your Financing Needs – Determine the required loan amount, repayment timeline, and intended use of the bridge loan. Here is a helpful article.
Prepare Financial Documentation – Gather necessary documents, including credit history, property details, income statements, and exit strategy.
Apply & Get Approved – Submit your loan application to a lender, who will evaluate your financials, property value, and repayment plan.
Close the Loan & Receive Funds – Once approved, sign the loan agreement, complete due diligence, and access the funds, typically within a few weeks.
Bridge loans typically close within 1 to 2 weeks, depending on the lender and required due diligence.
Yes, bridge loans are usually secured by real estate or other valuable assets to reduce the lender’s risk.
Yes, bridge loans are commonly used for investment properties, including fix-and-flip projects, multifamily acquisitions, and commercial real estate transactions.
Nelson Funding LLC makes no guarantee to place your loan. Actual interest rate depends on the strength of the deal. Actual time to close varies on loan specifications. Nelson Funding does not act as a residential mortgage broker. Rate and time to close can change without notice.
Copyright 2024. All Rights Reserved. Nelson Funding | P. 801-845-0092
