Michigan Bridge Lenders for Residential Properties
Are you seeking a bridge loan secured by residential property in Michigan? On this page you'll find a list of select bridge lenders for Michigan 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.
Lima One Capital
The Nation's Premier Lender for Real Estate Investors
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
Park Place Finance
Nationwide Direct Private Lender for Residential Real Estate Investors
Old North Capital Fund, LLC
True asset-based financing | No credit check, No appraisals, No prepay
Gelt Financial, LLC
Creative Private Financing for Commercial Real Estate since 1989
Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
Arch Loans
Low and High Leverage Options, up to 90% of purchase price for fix & flip
LendingOne
Rental, Fix & Flip, Construction & Multifamily Bridge Loans Nationwide
Kiavi
Servicing 12,000+ Real Estate Investors Across the Country
Pimlico Capital
Direct Lender for Real Estate Investors | Established in 2016
RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
Yieldi LLC
Direct Lender for Investment Properties - Bridge, Rehab, Construction
Michigan Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Michigan 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 Michigan 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 Michigan 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 Michigan 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 Michigan Bridge Loan Lenders
According to Forecasa™, here are the Top 10 Bridge Lenders ranked by the number of bridge loans originated in Michigan 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 Michigan bridge loans on a quarterly basis. You’ll find their top lenders data for many other states on our platform.