Detroit Bridge Lenders for Residential Investment Property
Are you seeking a bridge loan secured by residential property in the Detroit metro area? On this page you'll find a list of select bridge lenders for Detroit 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, but if that's what you're seeking, use the filters to change the loan type to 'Residential Owner-Occupied' and you may find some alternative lending options.Searching...
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Lima One Capital
The Nation's Premier Lender for Real Estate Investors
Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
Gelt Financial, LLC
Creative Private Financing for Commercial Real Estate since 1989
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
ZINC Financial
Direct Lender for Real Estate Investors. Established in 2006.
Center Street Lending
Smarter Loans for Residential Investors
Residential Capital Partners
100% Financing for Residential Rehab Projects (NO Money Down)
LendingOne
Rental, Fix & Flip, Construction & Bridge Loans Nationwide
Yieldi LLC
Direct, Reliable Lender for Investment Properties
Park Place Finance
Nationwide Direct Private Lender for Residential Real Estate Investors
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
Detroit Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Detroit bridge loans in the 1st quarter of 2024 was 12.55%. The average loan amount was $257,449. These stats are the average of 68 short-term loans (including rehab and ground-up construction loans) funded for properties in Detroit 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 Detroit in the 1st quarter of 2024 was 11.85%. Lenders charged an average of 2.6% points (origination fee). The average LTV (loan-to-value) for bridge loans in Detroit was 54%, and the average loan amount was $158,560. 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 Detroit Bridge Loan Lenders
According to Forecasa™, here are the Top 10 Bridge Lenders ranked by the number of bridge loans originated in Detroit in the last 12 months from March 2024.
- Kiavi
- ROC Capital
- RCN Capital LLC
- Lima One Capital LLC
- Next Bridge Funding LLC
- Constructive Loans LLC
- Builder Circle
- F Street Investments
- LendingOne
- American Heritage Lending LLC
Forecasa™ provides analytics data for Detroit bridge loans on a quarterly basis. You’ll find their top lenders data for many other states on our platform.
