Florida Bridge Lenders for Residential Properties
Are you seeking a bridge loan secured by residential property in Florida? On this page you'll find a list of select bridge lenders for 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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Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
Equity Lending Solutions LLC
Reliable Capital for Fix & Flip and Ground Up Construction Loans / Direct Private Lender
RBI Private Lending
Direct lender, specialized in Bridge, Fix and Flip and Construction. FN and new investors welcome.
Florida Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Florida bridge loans in the 1st quarter of 2024 was 11.20%. The average loan amount was $419,827. These stats are the average of 615 short-term loans (including rehab and ground-up construction loans) funded for investment properties in Florida 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 Florida in the 1st quarter of 2024 was 10.94%. Lenders charged an average of 2.3% points (origination fee). The average LTV (loan-to-value) for bridge loans in Florida was 65%, and the average loan amount was $381,820. 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 Florida Bridge Loan Lenders
According to Forecasaâ„¢, here are the Top 10 Bridge Lenders ranked by the number of bridge loans originated in Florida the last 12 months from March 2024.
- Kiavi
- Equity Lending Solutions LLC
- Lima One Capital LLC
- American Heritage Lending LLC
- RCN Capital LLC
- RBI Private Lending
- I Fund Cities
- ROC Capital
- Renovo Financial
- Easy Street Capital
Forecasaâ„¢ provides analytics data for Florida bridge loans on a quarterly basis. You’ll find their top lenders data for many other states on our platform.
Select a Metro Area
Florida is an enormous state, and most bridge lenders are selective about where they lend. Filter your search by selecting a metro area:
Miami & Fort Lauderdale | Orlando | Tampa Bay | Jacksonville | Palm Beach County | Fort Myers | Tallahassee | Pensacola
Funded Residential Bridge Loans in Florida
Purchase Bridge Loan for Rental SFR in Cape Coral, Florida
$340,000
Cityscape Finance funded a $340,000 bridge loan for the purchase of a single-family residence in Cape Coral, Florida. The purchase price was $425,000. Cityscape funded 80% of the purchase in 1st lien position, and the Borrower contributed a 20% cash down payment at closing. The Borrower felt the purchase price was discounted compared to the market value. They plan to do a light rehab using their own funds. Upon completion, they will lease out the property and refinance into a 30-year rental loan. The property size is 2,922 square feet. The interest rate was 8.25%, and the loan term was 12 months. This residential property bridge loan was funded in June 2022.
Purchase Bridge Loan for Short-Term Rental in Hollywood, South Florida
$825,000
Center Street Lending, a direct private lending firm, funded an $825,000 bridge loan for the purchase of a single-family residence in Hollywood, Broward County, Florida The purchase price was $1,100,000 so our 1st mortgage was a 75% loan-to-value, and the Borrower put down 25% cash. They plan to operate a short-term rental (STR) with nightly or weekly guests using the Airbnb platform. With the help of a broker, the investor was working with another lender that didn’t perform, and they were one week away from the closing deadline. The broker reached out to Center Street Lending on a Friday, provided all the documents the following Monday, and we closed that Friday. The Borrower is very solid financially with a high credit score, liquid cash, and owns other rental properties – one in the Miami area and several in New York City. The loan term was set at 24 months. The Borrower plans to eventually refinance into a permanent loan once a rental track record has been established. The property was vacant and in turn-key rental condition. It consists of 1,800 square feet, 3 bedrooms, 3 baths, a 1-car garage, and a swimming pool. It’s located in the Hollywood Lakes neighborhood, very close to the beach. This STR rental property bridge loan was funded in April 2022.
Purchase Bridge Loan for Waterfront SFR Investment in Tavernier, Florida
$765,000
Stormfield Capital, a direct private lending firm, funded a $765,000 bridge loan for the acquisition of a waterfront single-family investment property in Tavernier, FL. Tavernier is located on Key Largo, in the upper Florida Keys. The investor was left scrambling after his relationship bank told him that it would take them 120 days to close his loan. Stormfield was able to fund this purchase-money loan within 7 business days from application. We did not require an appraisal. The loan was custom structured for the Borrower’s unique scenario. The loan includes a three-month interest reserve and there is no prepayment penalty. The Borrower’s strategy is to complete minor cosmetic improvements to the property and then refinance with a conventional bank loan. This residential bridge loan was funded in December 2020.