West Virginia Bridge Lenders for Residential Properties
Are you seeking a bridge loan secured by residential property in West Virginia? On this page you'll find a list of select bridge lenders for West 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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West Virginia Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for West Virginia bridge loans in the 3rd quarter of 2024 was 11.12. The average loan amount was $120,715. These stats are the average of 2 short-term loans (including rehab and ground-up construction loans) funded for properties in West Virginia between July 1, 2024 and September 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 West Virginia in the 3rd quarter of 2024 was 11.23%. Lenders charged an average of 2.2% points (origination fee). The average LTV (loan-to-value) for bridge loans in West Virginia was 63%, and the average loan amount was $107,460. These stats are the average of all the loans which were funded between July 1, 2024 and September 30, 2024 by the many private lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 West Virginia Bridge Loan Lenders
According to Forecasaâ„¢, here are the Top 10 Bridge Lenders ranked by the number of bridge loans originated in West Virginia from July 2024 to September 2024.
- Brrrr Loans
- ROC Capital
- Anchor Loans
- Lima One Capital LLC
- Kiavi
- Bay Point Advisors
- Holze Management CO LLC
- Visio Lending
- Natural Capital Investment Fund INC
- Residential Capital Partners
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.