Bridge Loans for Residential & Multifamily Properties Nationwide
BridgeCore Capital is a direct private bridge lender providing short-term bridge loans secured by small multifamily and residential investment properties in primary markets nationwide. We make quick decisions and have a straight-forward program. We close most of our loans in 7 days. No formal appraisals are required, but we do a site visit along with our own in-house valuation. Our loans are standard bridge loans to acquire, refinance or cash out equity in 1st lien position. We are not lending on rehab value-add or construction projects.
- Lending in most states throughout the USA
- Residential properties – SFR, condos, 2-4 units
- Multifamily properties up to 15 units
- Purchase loans up to 65% LTV (35% down payment)
- Refinance or equity cash out loans up to 65% LTV
- Foreign nationals welcome
- NO Appraisals
- 650+ FICO score required
Please note: we do NOT offer loans for land, rehab projects or ground-up construction.
Common Loan Scenarios
-
Purchase & Refi Bridge Loans
-
LTV up to 70%
-
30% Cash Required for Acquisitions
Scenarios Not Considered
-
NO Land or Construction Projects
-
NO Cannabis-Use Properties
-
NO High Leverage Loans
Details and Requirements
Property Geographic Area Details
Nationwide except Alaska, Florida, Nevada, Utah, Vermont and the Dakotas
Loan Amounts
$500,000 to $2,000,000
Interest Rates
10.50% to 12.00%
Origination Fees
1% to 3%
Loan Terms
12 to 18 months
Credit Check Required
yes
Minimum Credit Score Required
650
Prepayment Penalty Details
Minimum 3 months interest guarantee
Typical Closing Time (Days)
10
Fastest Closing Time (Days)
5
Maximum Units for Multifamily Properties
15
Personal Guaranty (Recourse) Required
Always
Borrower Entity Types Considered
- Individual(s)
- LLC
- Limited Partnership
- Trust
- Corporation
Documentation Required
- Credit Report
- Bank Statements
- Financial Statements
- Loan Application
Appraisal Required for Residential Property
Never
Broker Price Opinion (BPO) Accepted for Residential Property
Sometimes
Will Consider Collateralizing Multiple Properties in One Loan
yes
Will lend to a foreign national
yes
Foreign national must have a U.S. bank account, a U.S. Tax ID No, and pass a OFAC background check.
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
no
Will Consider Equity Joint Venture
no
Loan Purpose
- Investment Acquisition
- Investment Refinance
- Use Equity to Invest in Another Property
Property Occupancy
- Vacant
- Tenant Occupied 100%
Our minimum loan amount is $500,000