Bridge Loans for Real Estate Investors
A bridge loan gives investor clients short-term financing on a residential property they plan to sell or hold as a rental. Lendz Bridge is a no-rehab program with an 18-month, interest-only term. It’s designed for borrowers buying or refinancing a property that’s ready as-is, who need time to carry out their exit before moving to a sale or long-term financing.
Bridge
Bridge
About program
Bridge can make sense when an investor needs to close on a property that doesn’t need renovation and wants room to sell it or get it leased. The loan closes in the name of an entity. Qualification is based on the borrower’s credit, liquidity, investment track record, and exit plan, not personal income.
Program Highlights
Qualification & Documentation
These guidelines cover credit, experience, and liquidity requirements, and what the borrower needs to show for the file to move through underwriting.
- Minimum 700 FICO
- Mortgage history of 0x60x24 and 1x30x24
- 60 months seasoning for bankruptcy, foreclosure, deed-in-lieu, or short sale
- Purchase transactions do not have an experience requirement
- Two months of bank statements required for all accounts used for asset qualification
- Reserves of six months of payments, plus cash to close
- 12-month VOM required on refinances
Loan Structure & Flexibility
These features cover leverage by transaction type, term structure, and the exit options available to the borrower.
- 18-month term, fixed rate, interest-only
- Purchase up to 70% LTV
- Rate/term refinance up to 65% LTV
- Cash-out refinance up to 60% LTV
- Exit by sale or rental
- Assignment fees can be financed up to the lesser of 10% of purchase price or $40,000
- Cross-collateralized loans available with partial releases
Property & Loan Parameters
These guidelines cover eligible properties, borrowers, and loan amounts.
- 1–4 unit residential properties
- Condos considered case by case
- Loan amounts from $125,000 to $2.5 million
- Larger loan amounts considered with approval
- Borrower must be an entity: LLC, LP, corporation, or revocable trust
- US citizens, permanent residents, non-permanent residents, and foreign nationals eligible
Required to Disclose
Credit report
(cannot be older than 60 days) - must be merged into the LOS.
Borrowers' ID
(passport or driver's license).
Purchase contract
(if applicable)
Complete loan application
(including income & employment)
Submission form completed
Copy of lease agreement(s)
(if applicable)
Track record and current REO schedule
Required to Underwrite
(in addition to above)
Credit report
(cannot be older than 60 days) - must be merged into the LOS.
Borrowers' ID
(passport or driver's license).
Purchase contract
(if applicable)
Complete loan application
(including income & employment)
Submission form completed
Copy of lease agreement(s)
(if applicable)
Track record and current REO schedule
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FAQ
What is a bridge loan?
A bridge loan is short-term financing that carries an investment property until the borrower sells it or refinances into long-term debt. Lendz Bridge offers an 18-month, interest-only term on 1–4 unit residential properties.
Does the borrower need investment experience?
Yes, experience is part of qualification. Completed projects, owned REO, and verified rentals all count toward a track record. Borrowers without prior experience aren’t eligible for cash-out refinances.
What exit strategies are accepted?
Borrowers can exit by selling the property or holding it as a rental. A sale exit should show a projected profit. A rental exit needs an estimated DSCR of at least 1.00x, which often lines up with a move into a DSCR loan.
Can the borrower close in their personal name?
No. Bridge loans close in the name of a US-domiciled entity, and owners with 20% or more ownership typically sign a full recourse guaranty.
Can a borrower still qualify if they have a gap in employment?
Possibly. Underwriters review the reason for the gap, the borrower’s overall employment history, and the stability of their current employment. Additional documentation or an explanation may be required.
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