SF Bay Area Bridge Lenders for Residential Investment Property
Are you seeking a bridge loan secured by residential property in the San Francisco Bay Area? On this page you'll find a list of select bridge lenders for Bay Area 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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Center Street Lending
Smarter Loans for Residential Investors
Rubicon Mortgage Fund, LLC
Northern California’s Premier Direct Lender | No Appraisal Required
Lima One Capital
The Nation's Premier Lender for Real Estate Investors
MOR Financial
Hard Money Bridge Loans for California and Florida Properties
Residential Capital Partners
100% Financing for Residential Rehab Projects (NO Money Down)
Red Tower Capital, Inc.
Based in SF, lending throughout CA and beyond. Good service, quick close.
SDC Capital
Family Office Lender. No 3rd-party appraisal (typically). Soft Money Terms in 1st or 2nd Lien Position.
ZINC Financial
Direct Lender for California Real Estate Investors since 2006
Kiavi
Servicing 18,000+ Real Estate Investors Across the Country
Security Financial Services
Direct Lender for Northern California Property Investors | Established 1943
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
First Bridge Lending
Direct Lender for California Real Estate Investors | No Appraisal Required
Secured Capital Lending
Direct Private Lender for California Investment Properties
RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
Conventus
We Fund Fast While Providing Excellent Service and Competitive Pricing
Nationwide Mortgage - California
Bridge, Rehab, Construction, & Rental
SF Bay Area Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for San Francisco Bay Area bridge loans in the 1st quarter of 2024 was 10.84%. The average loan amount was $818,628. These stats are the average of 117 short-term loans (including bridge, rehab, and ground-up construction) funded for investment properties in the Bay Area 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. Of the 117 total loans in the 3-month period, 38 were secured by properties in Santa Clara County, 15 in Contra Costa County, 27 in Alameda County, 10 in Marin County, 12 in San Mateo County, 10 in San Francisco, and 5 in Santa Cruz County.
Funded Residential Bridge Loans in the San Francisco Bay Area
Yieldi, a direct lender for investment properties nationwide, funded an $8,500,000 1st lien position bridge loan for the acquisition of a single-family home in Woodside, California. The purchase price was $15,800,000 and the Borrower put down around 50% cash. The Borrower owns multiple properties without any debt and also had approximately $10,000,000 liquid cash. The loan-to-purchase price was 50%, but we cross-collateralized 3 other properties in Northern California that were owned free-and-clear by the Borrower and worth approximately an additional $15,000,000. This put our loan-to-value at around 30% in 1st position for all 4 properties. The Borrower has owned a commercial construction company for 14 years and a government contracting company for a few years. He has built and sold a of couple other small businesses which allowed him to buy his portfolio of properties all cash. His credit score was 750. He was in a unique situation. JP Morgan denied the loan request because the Borrower had a loan with them on another property and until he sold it, they wouldn’t extend him any more credit. Therefore, he had no choice but to go with private money. His exit strategy is to sell his current home and pay us off. That home is currently listed for sale. The interest rate for our loan is 12.5%. The loan term was set at 12 months. This SFR purchase bridge loan was funded in June 2023.
Conventus LLC, a direct private mortgage lender, funded a $964,750 1st lien position bridge loan for the acquisition of a single-family home in San Mateo, CA, situated midway between San Francisco and San Jose. We funded 85% of the $1,135,000 purchase price, while the Borrower contributed 15% cash at closing. They had good credit and will also finance the rehab themselves. The subject property was in good condition and vacant at closing. The Borrower’s investment plan is to renovate the existing home and put the property back on the market to sell. The Borrower will spend approximately $275,000 on the renovations. The after-repair value and sale price were estimated to be $1,800,000. So the loan-to-after-repair value should be approximately 54%. We charged a 9% interest rate and a 1% origination fee. The loan term was set at 12 months with no prepayment period or penalty. This SFR purchase bridge loan was funded in March 2023.
