Bridge Loans


Why Get A Bridge Loan?

Bridge loans serve as short-term financial solutions, typically available for a duration ranging from 2 weeks up to 3 years. They are designed to provide immediate funding while arranging for more substantial or longer-term financing options.

Standard Loan Terms

  • Maximum Loan Amount: Up to $5,000,000 (higher loan amount can be approved)
  • Maximum LTV (Loan to Value): Up to 70%
  • Interest Rate: Begins at 9.99%
  • Loan Term: 12 to 24 months
  • Payments: Monthly interest payments, culminating in a final balloon payment upon maturity.
  • Prepayment Penalty: None

Standard Closing Costs

  • Origination Fee: 2-3%
  • Underwriting Fee: $1,500
  • Legal Fees: Between $750 and $1,500
  • Appraisal Fee: $350 to $1500
Single family house icon-Get new purchase loan for foreign investor with Lendai

Property Types

  • Condominiums
  • Single-family residences
  • Townhouses
  • Properties with 2 to 4 units
  • Multifamily
  • Condo-hotels
  • Other types of properties will be considered on a case-by-case basis

Standard Closing Time

  • Typical Closure Period: 5 to 10 days

Lendai is a fintech lender financing US Real Estate Properties For Foreign Investors. Once the title work, appraisal and feasibility report are ready, we will be too!

More Services

US Entity Formation Services

Empowering anyone in the world to turn their real estate dream idea into their US business reality. Forming your US entity in a few simple steps.

Insurance Services

Lendai has partnered with insurance experts to offer insurance policies catered specifically to the needs of foreign investors.

Lending in the Following US States

  California
 Nevada
Arizona
New Mexico
  Oklahoma
 Vermont
Maine

New Hampshire

Massachusetts
Rhode Island
Connecticut
New Jersey
Delaware
Maryland
Virginia
West Virginia
Kentucky
Mississippi
Louisiana
Arkansas
Iowa
South Dakota
Nebraska
Kansas
Colorado

Wyoming

Montana
North Dakota
Minnesota
Idaho
Oregon
Washington
Utah
Alaska
Hawaii

Alaska

Arkansas

Colorado

Connecticut

Delaware

Hawaii

Idaho

Iowa

Kansas

Kentucky

Louisiana

Maine

Maryland

Massachusetts

Mississippi

Montana

Nebraska

New Hampshire

New Jersey

Oklahoma flag icon- Foreign national loans for short-term rentals in Oklahoma

Oklahoma

Oregon

Rhode Island

South Carolina flag icon- US mortgage loan for overseas investors to invest in short term rental in South Carolina

South Carolina

South Dakota

Utah

Virginia

Washington

West Virginia

Wisconsin flag icon-US mortgage for foreign investors in Wisconsin by Lendai

Wisconsin

Wyoming

FAQ

A Bridge Loan is a short-term loan that provides immediate cash flow to meet urgent financial needs. It’s called a “bridge” loan because it serves as a temporary bridge between two financial points, typically used to secure a property or investment opportunity while longer-term financing is secured or until an existing property is sold.

Fix and flip loans can be used for various types of properties including single-family homes, multi-unit properties, condominiums, condo-hotels, townhouses and other property types, case by case.

Speed of Funding: One of the most significant benefits of Bridge Loans is the rapid access to funds they provide. Unlike traditional loans, which can take weeks or months to process, Bridge Loans can be arranged relatively quickly, often within a matter of days. This speed enables borrowers to seize time-sensitive opportunities, such as purchasing property in a competitive market.

Flexibility in Terms: Bridge Loans are known for their flexibility. Borrowers can often negotiate the loan terms, including the repayment schedule, to suit their specific needs. This flexibility can be particularly beneficial for borrowers who need tailored financing solutions to bridge a temporary gap in their finances.

No Prepayment Penalties: Our Bridge Loans do not include prepayment penalties, allowing borrowers to repay the loan as soon as their permanent financing becomes available or their current property is sold. This feature can save borrowers a significant amount in interest costs.

Facilitates Property Transactions: For real estate investors and buyers, Bridge Loans provide the necessary capital to purchase a new property before selling an existing one. This advantage is crucial in hot real estate markets where waiting to sell one property before buying another could mean missing out on a prime investment opportunity.

Bridges Financial Gaps: Whether it’s waiting for a home to sell, securing long-term financing, or needing cash for a time-sensitive investment, Bridge Loans help individuals and businesses manage cash flow gaps. They provide a financial bridge, allowing for uninterrupted progress in projects or investments.

 

Leverage More Opportunities: By providing immediate funding, Bridge Loans enable borrowers to take advantage of investment opportunities they might otherwise miss. This can lead to potentially higher returns on investment, as the ability to act quickly in the real estate market often results in better deals.

Ready to start financing your investment?

Start maximizing your bridge profits today. Contact our loan specialists to explore your financing options.