Indiana Bridge Lenders for Residential Investment Property
Are you seeking a bridge loan secured by residential property in Indiana? On this page you'll find a list of select bridge lenders for Indiana 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.
Indiana Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Indiana bridge loans in the 4th quarter of 2023 was 11.68%. The average loan amount was $169,396. These stats are the average of 25 short-term loans (including rehab and ground-up construction loans) funded for properties in Indiana between October 1, 2023 and December 31, 2023 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 Indiana in the 4th quarter of 2023 was 13.34%. Lenders charged an average of 4.0% points (origination fee). The average LTV (loan-to-value) for bridge loans in Indiana was 61%, and the average loan amount was $141,001. These stats are the average of all the loans which were funded between October 1, 2023 and December 31, 2023 by the many private lenders who use Liquid Logics’ loan origination software to manage their lending operations.