Bridge Loans

Who are Bridge Loans Suited For?

Our bridge loan program is for seasoned investors who need a bridge loan to close quickly on a property.

Property Types We Bridge

We lend on single-family residence, 2 to 4 units, townhomes, planned unit developments (PUDs), or condominiums. All properties must be non-owner occupied. Foreign nationals are subject to a reduced loan to cost (LTC) and loan to value (LTV) thresholds.

How do Bridge Loans Work?

We fund into LLC’s with borrowers who have completed at least 1 property in the past 12 months. Underwriting is based on predicate experience, credit, background, and capital liquidity. Our focus is to understand your business.

We require a minimum score of 650+ and a $150,000 loan amount. All of our loans are serviced and underwritten in-house, making for a 7-10 business days funding time. Once you have filled out an application and been pre-qualified for your loan you will need to provide specific documentation.

Bridge Program Criteria

To get a Bridge Loan started you will need:

  • A minimum of 1 stabilized property in the last 12 months
  • A 650+ minimum score
  • $150,000 – $2,500,000+ non-owner occupied property
  • 2 months of recent bank statements
  • Score and background check

Terms

  • Must be rent ready
  • Up to 75% LTV
  • Rates starting at 6.24%
  • 6 to 60 month flexible terms
  • Prepayment penalties may apply

States We Lend

  • Arizona
  • California
  • Colorado
  • D.C.
  • Florida
  • Georgia
  • Maryland
  • North Carolina
  • Oregon
  • Tennessee
  • Texas
  • Virginia
  • Washington

Looking for lending in a state not listed? We do lend in other states on a case by case scenario. Give us a call to see what we can do for you.

Recent Deals

Testimonials

There is no way I would have been able to close on my purchase in the time I did if it wasn’t for Center Street’s rapid funding. They were quick and efficient right down to every detail.

Barbara T.

I appreciate how professional the staff at Center Street has been. Even when things got a bit difficult, as they do during rehab projects, it was always a pleasure to speak with everybody at the office.

Jeremy D

Jeremiah can answer all of my questions, so pleasant to deal with, hard-working, kept me informed and in the loop at every step.

Doug F.

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