Residential – Investor Bridge Loan
Residential Bridge Loans for Investors
It's no secret that traditional lenders can't keep up with today's speed of doing business. SDC has streamlined its process to provide a simple application, fast pre-approvals, and quick closings.
Residential Bridge Lending – Business Purpose
|
Loan Amount |
$200,000 – $5,000,000 |
|
Property Type |
1-4 Unit Residential |
|
Occupancy |
Non-owner occupied or business purpose owner-occupied |
|
Term |
6 – 24 months |
|
Lien Position |
1st and/or 2nd lien position |
|
Interest Rate |
Starting at 8.99% |
|
Origination Fee |
0% to 2.0% |
|
Loan-to-Value |
Up to 70% LTV |
|
FICO |
No minimum FICO score |
|
Location |
California only |
|
Funding |
As few as 7 days |
Residential – Owner-Occupied Bridge Loan
Owner-Occupied Home Bridge Loan Program
In today’s real estate market, you have to move quickly or the deal will pass you by. Our new Owner-Occupied Consumer Bridge Loan Program allows you to be competitive and get the house of your dreams. With our new owner-occupied loan program you can purchase your new home before selling your existing home without having to meet stringent debt to income ratios of a conventional lender.
Residential Bridge Lending – Owner-Occupied
|
Loan Amount |
$200,000 – $5,000,000 |
|
Property Type |
1-4 Unit Residential |
|
Occupancy |
Owner occupied |
|
Term |
11 months |
|
Lien Position |
1st and/or 2nd lien position |
|
Interest Rate |
Starting at 9.49% |
|
Origination Fee |
Starting at 1.0% |
|
Loan-to-Value |
Up to 70% LTV (or 100% of Purchase Price) |
|
FICO |
No minimum FICO score |
|
Location |
California only |
|
Funding |
7 to 14 days (Subject to Regulatory "Cooling Off" Periods) |
|
Prepay |
No Prepayment Penalty |
