Iowa Bridge Lenders for Residential Properties
Are you seeking a bridge loan secured by residential property in Iowa? On this page you'll find a list of select bridge lenders for Iowa 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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Iowa Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Iowa bridge loans in the 1st quarter of 2024 was 11.87%. The average loan amount was $216,219. These stats are the average of 4 short-term loans (including rehab and ground-up construction loans) funded for properties in Iowa 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 Iowa in the 2nd quarter of 2024 was 10.77%. Lenders charged an average of 2.4% points (origination fee). The average LTV (loan-to-value) for bridge loans in Iowa was 61%, and the average loan amount was $170,950. These stats are the average of all the loans which were funded between April 1, 2024 and June 30, 2024 by the many private lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 Iowa Bridge Loan Lenders
According to Forecasaâ„¢, here are the Top 10 Bridge Lenders ranked by the number of bridge loans originated in Iowa from June 2023 to May 2024.
- Invest Dsm INC
- Liquid Lending Solutions LLC
- SIL Capital (Strong Investor Loans)
- Anchor Loans
- RCN Capital LLC
- Quickdraw Lending LLC
- Lima One Capital LLC
- FBN Finance LLC
- Iowa Securities Investment Corporation
- ROC Capital
Forecasaâ„¢ gives investors and lenders in the private real estate market powerful analytics and actionable insights. They help you skip the hassle of combing county records and focus on closing deals. With detailed market trends, investor and lender activities, and competitive benchmarking, you can make smart, strategic decisions. Some of their services include dynamic market reports, transaction-level details, customer analytics, borrower verification, and in-depth profiles of investors, lenders, and capital partners. You’ll find their top lenders data for many other states on our platform.