Next Bridge Funding LLC
Next Bridge Funding is a private, asset-based lender headquartered in Livonia, Michigan, financing non-owner-occupied residential and commercial real estate. The company uses its own capital for fix-and-flip, construction, purchase, refinance, rental, and commercial loans across the U.S.
Next Bridge Funding LLC’s Lending Activity
Data Provided By Elementix12mo Loan Volume
$35,017,408
12mo Loan Count
150
Total Loan Volume
$141,239,752
Average Loan Size
$177,214
Loan Count by State (Past 12 Months)
MI: 137, FL: 4, TX: 3, GA: 1, OH: 2, SC: 1, MA: 1, CT: 1
Company Quick Facts
- Year Established: 2009; transitioned into a dedicated private lending company in 2019
- Headquarters: Livonia, Michigan
- Founder & President: Mark Abbruzzese
- Company Type: Private asset-based real estate lender
- Capital Model: Direct lender using its own capital
- Loan Types: Fix & Flip, New Construction, Purchase, Cash-Out Refinance, Renovate-to-Rent, Rental, and Commercial loans
- Property Types: Non-owner-occupied residential and commercial properties, including single-family rentals, multifamily, offices, warehouses, retail, and mixed-use properties
- Geographic Focus: Nationwide; the current website indicates lending is available in all 50 states
- Primary Customers: Real estate investors, small business owners, commercial contractors, and home builders
- Typical Loan Term: 6–12 months for short-term loans, with longer terms considered in some cases
- Interest Rates: 9.99%–14.99%, depending on leverage, loan term, property condition, and market conditions
- Loan Size: No stated minimum; approximately $1.5 million is considered a large loan, with larger requests evaluated selectively
- Maximum Leverage: Generally up to 70% LTV
- Investor Experience: Works with both first-time and experienced real estate investors
- Closing Speed: Average closing reported at approximately five business days, with the ability to close faster when required title, inspection, and insurance items are complete
Office Locations
38777 Six Mile Rd, Suite 212, Livonia, MI 48152
Stay Informed About Private Lending
Receive our monthly newsletters with valuable insights and industry updates