Bridge Loans

Secure Short-Term Capital For Long-Term Plans

Our Bridge Loan is designed to seamlessly get you to the next step of your project. Whether you have a completed home or are looking to purchase your next investment property, our Bridge Loan works for you. This product is for the purchase or refinance of entitled land, single-family homes, condos, townhomes, or 2-4 unit properties.

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Details

Up to 12 Month Term

Loan amounts ranging from $500k-$30MM

Loan to Value up to 75% as-is value

Appraisals on a case by case basis

LOAN GUIDELINES

TERM
  • Up to 12 months
  • LTV (Loan to Value)
  • Up to 75% (built) “as is” value 60% entitled land
  • PURPOSE
  • Purchase, refinance, or cash-out refinance
  • BORROWER EXPERIENCE
  • Proven track record with a similar scope project
  • PROPERTY TYPE
  • Single Family
  • Condo
  • 2-4 Unit Properties
  • Townhouses
  • FUNDS & CLOSING
  • Budget allowed for finish work up to 15%
  • Cash out allowed if within LTV requirements
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    LOAN SIZE
  • Projects Up to – $50,000,000
  • Min Loan Amount – $500,000
  • Max Loan Amount Per Property/Lot – $3,000,000
  • Total Max Loan Amount – $15,000,000
  • Total Max Loan Amount Condo – $30,000,000
  • Max Guarantor Loan Commitment with Builders Capital – $50,000,000
  • See Borrower Requirements for concentration limits
  • PAYMENTS
  • Monthly interest payments required
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    GENERAL REQUIREMENTS
  • All lending for investment purposes only
  • Interest calculated on drawn balance
  • No rural properties
  • Unentitled land not allowed
  • 1st Lien Position at all times
  • Multiple Units are allowed
  • Budget allowed up to 15% of the ARV
  • Multi-Family and Apartments not allowed.
  • BORROWER REQUIREMENTS
  • No individuals. Must be an LLC or Corporation
  • Minimum 660 credit score
  • Reserve requirement: Borrower / Guarantor must demonstrate a minimum aggregate 5% liquidity
  • relative to all BC committed loans

  • Personal Guarantee preferred: Limited Guarantee on case-by-case basis
  • Concentration limit per guarantor is $50,000,000 on total portfolio
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    Continue down to Documentation Requirements

    DOCUMENTATION REQUIREMENTS

    Getting Started

    BORROWER / GUARANTOR

  • Signed Estimated Loan Terms
  • Completed Loan Application
  • Borrower/Builder/Guarantor Resume
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    PROJECT

  • Purchase and Sale Agreement w/ All Addendums (if Purchase)
  • Preferred Title Insurance Company & Contact
  • Preferred Insurance Company & Contact
  • Breakdown of Costs Already Paid into Project
  • Getting Funded

    BORROWER / GUARANTOR

  • Most Recent Two Months Bank Statements (Borrower & Guarantors)
  • Most Recent Two Years Tax Returns (Borrower & Guarantors)
  • Borrower Entity Documents and Appropriate Business Licenses:
  • – Legal Filing Documents

    – Operating Agreement & Certificate of Formation (LLC)

    – Articles of Incorporation & Bylaws (Corporation)

    *The list above shows Borrower provided documentation. All third-party order outs still apply, including standard appraisals, title and 3rd party project reviews.

    **Non rural markets only.  |  Effective Date: 5/25/2022 – Product Guidelines are subject to change at any time.

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    Overall Lending

    $6.0 Billion

    Active Loans

    $3.5 Billion

    New Capital Available

    $700 Million