Delaware Bridge Lenders for Residential Properties
Are you seeking a bridge loan secured by residential property in Delaware? On this page you'll find a list of select bridge lenders for Delaware 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. Change the loan type to 'Residential Owner-Occupied' to find some alternative lending options.Searching...
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Nationwide Mortgage
Outstanding Service for Investment Property Bridge, Rehab, Rental, and Construction Loans
Real Property Investment Partners
NO APPRAISAL REQUIRED. Providing institutional-grade lending with a local presence.
Delaware Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Delaware bridge loans in the 1sts quarter of 2024 was 10.92%. The average loan amount was $209.083. These stats are the average of 8 short-term loans (including rehab and ground-up construction loans) funded for properties in Delaware 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 Delaware in the 1st quarter of 2024 was 8.12%. Lenders charged an average of 2.8% points (origination fee). The average LTV (loan-to-value) for bridge loans in Delaware was 58%, and the average loan amount was $149,100. 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 Delaware Bridge Loan Lenders
According to Forecasaâ„¢, here are the Top 10 Bridge Lenders ranked by the number of bridge loans originated in Delaware in the last 12 months from March 2024.
- RCN Capital LLC
- Constructive Loans LLC
- Dominion Financial Services LLC
- ROC Capital
- Lima One Capital LLC
- Oaktree Funding Corporation
- Anchor Loans
- Certain Lending Inc (Vontive)
- LendingOne
- Rrr Group INC
Forecasaâ„¢ provides analytics data for Delaware bridge loans on a quarterly basis. You’ll find their top lenders data for many other states on our platform.