Georgia Bridge Lenders for Residential Properties
Are you seeking a bridge loan secured by residential property in Georgia? On this page you'll find a list of select bridge lenders for Georgia 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...
Sorry, your search returned no results.
Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
RBI Private Lending
Direct lender, specialized in Bridge, Fix and Flip and Construction. FN and new investors welcome.
Georgia Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Georgia bridge loans in the 1st quarter of 2024 was 11.76%. The average loan amount was $334,537. These stats are the average of 214 short-term loans (including rehab and ground-up construction loans) funded for properties in Georgia 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 Georgia in the 1st quarter of 2024 was 11.00%. Lenders charged an average of 2.3% points (origination fee). The average LTV (loan-to-value) for bridge loans in Georgia was 64%, and the average loan amount was $272,490. 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 Georgia Bridge Loan Lenders
According to Forecasaâ„¢, here are the Top 10 Bridge Lenders ranked by the number of bridge loans originated in Georgia in the last 12 months from March 2024.
- Kiavi
- Easy Street Capital
- Lima One Capital LLC
- RCN Capital LLC
- LendingOne
- Groundfloor Real Estate LLC
- SkyBeam Capital
- Bridgeway Lending Partners LLC
- Temple View Capital
- ROC Capital
Forecasaâ„¢ provides analytics data for Georgia 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 Georgia
Lima One Capital, a lender for residential real estate investors, funded a $600,000 1st lien position bridge loan for the purchase of a quadplex in Peachtree Corners, Georgia, a suburb of Atlanta. We funded 80% of the $755,000 purchase price, while the Borrower contributed 20% cash at closing. He wanted to purchase the property but needed a flexible financing solution given the high-interest rate environment of 2022. He approached Lima One for a bridge financing option. We empowered the investor to purchase the property with an interest–only bridge plus loan right on schedule. The 13–month term with no prepayment penalty gives the investor maximum flexibility to refinance when the interest rate environment is more favorable or extend with further bridge financing if rates remain high. This allows the investor to start receiving cash flow from the property while maximizing profit over the long term. The solution plus the service are the reasons the customer continues returning to Lima One. The Borrower plans to continue renting the property and will eventually refinance as an exit strategy. This purchase bridge loan was funded in November 2022.Â
Bridge Loan for Two Single-Family Residences in Greensboro, Georgia
$1,080,000
Lima One Capital, a direct lender for residential real estate investors, funded a $1,080,000 1st lien position bridge loan secured by two single-family homes in Greensboro, GA. A Georgia-based builder was finishing up two new home builds but wasn’t ready to choose whether to hold them as rentals or sell them on the market, given the uncertain 2023 market conditions. He wanted to get some cash out for future construction projects while maintaining exit strategy flexibility to maximize profit. A broker connected this builder to Lima One. Lima One’s Bridge Plus loan provided this builder with the perfect combination of certainty and flexibility. With the 13-month, interest-only loan, the builder got cash-out and maintained the ability to sell at any time with no prepayment penalty. This loan solution allows the investor to wait out the market to see whether rentals or new home sales will provide the best return on investment. This SFR refinance bridge loan was funded in April 2023.