Virginia Bridge Lenders for Residential Properties
Are you seeking a bridge loan secured by residential property in Virginia? On this page you'll find a list of select bridge lenders for Virginia 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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Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
Virginia Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Virginia bridge loans in the 2nd quarter of 2024 was 11.30%. The average loan amount was $251,636. These stats are the average of 46 short-term loans (including rehab and ground-up construction loans) funded for properties in Virginia 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 Virginia in the 2nd quarter of 2024 was 11.05%. Lenders charged an average of 2.3% points (origination fee). The average LTV (loan-to-value) for bridge loans in Virginia was 62%, and the average loan amount was $304,280. 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 Virginia Bridge Loan Lenders
According to Forecasaâ„¢, here are the Top 10 Bridge Lenders ranked by the number of bridge loans originated in Virginia from June 2023 to May 2024.
- Kiavi
- RCN Capital LLC
- Lima One Capital LLC
- Blue Ridge Mountain Mortgage INC
- Richmond Rehab Funding LLC
- C4 T Fund I Series Of Fundviews
- Richmond Mortgage INC
- Strategic Funding LP
- Funding Flips LLC
- Creative Financing Solutions
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.