Orange County Bridge Lenders for Residential Investment Property
Are you seeking a bridge loan secured by residential property in Orange County? On this page you'll find a list of select bridge lenders for Orange County investment properties with 1 to 4 units. To get a 1st lien bridge loan, you must have at least 30% equity. Due to state laws and regulations, it's not possible to get a bridge loan for a homestead (owner-occupied primary residence) or 2nd home, but if that's what you're seeking, use the filters to change the loan type to 'Residential Owner-Occupied' and you may find some alternative lending options.Searching...
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SDC Capital
Family Office Lender. No 3rd-party appraisal (typically). Soft Money Terms in 1st or 2nd Lien Position.
PrideCo Loans Inc.
Family Office Hard Money Lender for Multifamily and Residential Investment Properties
Select a Metro Area
California is an enormous state, and most bridge lenders are selective about where they lend, so filter your search by selecting a metro area:
Northern California: SF Bay Area | Sacramento | Lake Tahoe
Southern California: Los Angeles | San Diego | Orange County | Riverside County | San Bernardino County | Santa Barbara
Central California: Central Valley | Bakersfield | Fresno
California Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for California bridge loans in the 1st quarter of 2024 was 11.23%. The average loan amount was $659,373. These stats are the average of 877 short-term loans (including rehab and ground-up construction loans) funded for properties in California between January 1, 2024 and March 31, 2024 by multiple bridge lenders that use Lightning Docs as their preferred software provider to prepare loan documents.
According to private lending data provider, Analytics Logics, the average interest rate for bridge loans secured by residential investment properties in California in the 1st quarter of 2024 was 10.69%. Lenders charged an average of 1.4% points (origination fee). The average LTV (loan-to-value) for bridge loans in California was 64%, and the average loan amount was $808,910. These stats are the average of all the loans which were funded between January 1, 2024 and March 31, 2024 by the many private lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 California Bridge Loan Lenders
According to Forecasaâ„¢, here are the Top 10 Bridge Lenders ranked by the number of bridge loans originated in California in the last 12 months from March 2024.
- Kiavi
- Anchor Loans
- Val Chris Investment Inc
- Center Street Lending
- Conventus LLC
- Easy Street Capital
- Provident Trust Group
- Merchants Mortgage and Trust Corporation
- Fundloans Capital
- Genesis Capital
Forecasaâ„¢ provides analytics data for California bridge loans on a quarterly basis. You’ll find their top lenders data for many other states on our platform.
Funded Residential Property Bridge Loans in Orange County
Cross Collateralized Bridge Loan for Triplex Purchase in Placentia, CA
$535,000
S&L Capital Group, a California-based lending firm, recently provided a $980,000 bridge loan for a repeat client allowing them to acquire a triplex in Placentia, Orange County, CA. The down payment for this loan was obtained from a cash-out refinance S&L Capital Group provided on another rental property. A quick close was important as this one needed to close within 2 weeks, while tapping into the equity from the other property. We advised our client to open Escrow / Title on the cash-out refinance with the same Escrow / Title office as this acquisition. This would limit confusion between the 2 files as we ran them concurrently and in-turn saved days on the closing timeline. The file was submitted to underwriting on 11/18/2022, Docs were out on 11/22/2022 and we funded on 11/30/2022. Our Borrower was able to add 3 units to their portfolio without having to come in with any additional cash. Everyone even got to enjoy their Thanksgiving in between.
S&L Capital funded 54.59% of the purchase price in 1st lien position, while the Borrower contributed 45.41% with equity in another property. The Borrower had an excellent credit rating. The subject property was in fair condition and tenant-occupied at closing. The Borrower plans to rehab and rent the property, and then eventually refinance as an exit strategy. The loan term was set at 12 months. This purchase bridge loan was funded in November 2022.
Refinance Bridge Loan for Rental Home in North Orange County, CA
$875,000
Cityscape Finance, a direct private lending firm, funded an $875,000 bridge loan secured by a single-family rental home in Cypress, Orange County, CA. The subject property’s value was approximately $1,250,000 so the loan-to-value for our first mortgage was 70%. The loan term was set at 12 months with interest-only payments. The house is approximately 1,000 square feet and is in good condition. It sits on a 7,500-square-foot lot. It has two bedrooms and a newly remodeled private backyard with many upgrades. The home is located near Kennedy High School which is a highly-rated school in the area. This refinance bridge loan was funded in October 2022.
The Sponsor purchased a 1,224 square foot oceanfront property in the bluffs of South Laguna Beach for $4.81MM as an investment property. They requested 100% financing on the purchase in addition to closing costs. Therefore, Archway Fund structured the deal by cross-collateralizing three additional properties that the Sponsor owned free and clear bringing the total LTV down to 67%. Borrower plans to rent out the property for $19,000/month in the summer months. Archway Fund structured the deal with a quick-close, no appraisal required and minimal cash outlay by the borrower with the cross-collateral of 3 additional properties. This bridge loan was funded in June 2016.