Pittsburgh Bridge Lenders for Residential Investment Property
Are you seeking a bridge loan secured by residential property in the Pittsburgh metro area? On this page you'll find a list of select bridge lenders for Pittsburgh 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...
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.
Pennsylvania Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Pennsylvania bridge loans in the 1st quarter of 2024 was 11.80%. The average loan amount was $253,267. These stats are the average of 90 short-term loans (including rehab and ground-up construction loans) funded for properties in Pennsylvania 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 Pennsylvania in the 1st quarter of 2024 was 10.97%. Lenders charged an average of 2.4% points (origination fee). The average LTV (loan-to-value) for bridge loans in Pennsylvania was 63%, and the average loan amount was $317,650. 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 Pennsylvania Bridge Loan Lenders
According to Forecasaâ„¢, here are the Top 10 Bridge Lenders ranked by the number of bridge loans originated in Pennsylvania in the last 12 months from March 2024.
- RCN Capital LLC
- Kiavi
- Constructive Loans LLC
- ROC Capital
- Prime Funding Group LLC
- Lending Capital Group Inc
- Lima One Capital LLC
- I Fund Cities
- Velocity Commercial Capital
- MM RE Holdings LLC
Forecasaâ„¢ provides analytics data for Pennsylvania bridge loans on a quarterly basis. You’ll find their top lenders data for many other states on our platform.