Bridging the Gap to Your Next Property

Short Term Bridge Mortgage Loan Highlights

• Property types: Bridge loans are available for residential and commercial properties, including single-family homes, multi-family buildings, office buildings, retail properties, and more.
• Loan amounts: Loan amounts typically range from $100,000 to $10 million.
• Loan terms: These are short-term loans, with terms usually ranging from six months to three years.
• Interest rates: Bridge loans typically have higher interest rates than traditional mortgages, ranging from 6% to 15%.
• Maximum LTV: The maximum loan-to-value (LTV) ratio typically ranges from 65% to 80%, requiring a down payment of at least 20%.
• Repayment: Bridge loans are often interest-only, meaning you only pay interest during the loan term. The principal balance is typically due in full at the end of the term, usually paid off with the proceeds from selling your existing property.

Overall, borrowers should carefully consider their financial situation and their plans for the property before applying for a short term bridge mortgage loan program.