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...
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Lima One Capital
The Nation's Premier Lender for Real Estate Investors
Arch Loans
Low and High Leverage Options, up to 90% of purchase price for fix & flip
LendingOne
Rental, Fix & Flip, New Construction, Fix to Rent, SFR Portfolio Loans Nationwide
Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
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
ZINC Financial
Direct Lender for Real Estate Investors. Established in 2006.
Residential Capital Partners
100% Financing for Residential Rehab Projects (NO Money Down)
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
Yieldi LLC
Direct, Reliable Lender for Investment Properties
RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
Center Street Lending
Smarter Loans for Residential Investors
Park Place Finance
Nationwide Direct Private Lender for Residential Real Estate Investors
Kiavi
Servicing 12,000+ Real Estate Investors Across the Country
Michigan Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Michigan bridge loans in the 2nd quarter of 2024 was 11.71%. The average loan amount was $235,892. These stats are the average of 51 short-term loans (including rehab and ground-up construction loans) funded for properties in Michigan between April 1, 2024 and June 30, 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 2nd quarter of 2024 was 11.64%. Lenders charged an average of 2.9% points (origination fee). The average LTV (loan-to-value) for bridge loans in Michigan was 60%, and the average loan amount was $173,890. 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 Michigan Bridge Loan Lenders
According to Forecasa™, here are the Top 10 Bridge Lenders ranked by the number of bridge loans originated in Michigan from June 2023 to May 2024.
- Kiavi
- RCN Capital LLC
- ROC Capital
- Lima One Capital LLC
- Constructive Loans LLC
- LendingOne
- Opportunity Resource Fund
- Next Bridge Funding LLC
- Builder Circle
- American Heritage Lending LLC
Forecasa™ 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.
