Bridge Loan
Grow your investor business with FACo. Bridge loans are ideal for temporarily holding assets.
Need more time to turn a property or complete your light rehab project? Consider a FACo Bridge Loan. Time is money, we offer both.
Key Facts About Our Bridge Property Loan
- As-is appraisal only, no ARV
- Rural properties allowed on case-by-case
- Minimum 660 FICO
- Foreign Nationals eligible
- Minimal experience required
- 12- or 18-month (case-by-case) property loan terms
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Bridge Loan
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LOAN PURPOSE
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Bridge loan ideal for temporarily holding assets, floating the market
- Property as-is must be 100% complete and marketable or rent ready - Purchase and refinance transactions eligible |
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Loan Amount
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$75K - $2MM
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LOAN TERM
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12 months standard,
18 month option case-by-case |
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BORROWER TYPE
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Entity required
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MINIMUM EXPERIENCE
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Real estate experience required
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MAXIMUM LOAN-TO-VALUE (LTV)
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Up to 70% LTV
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MAXIMUM LOAN-TO-COST (LTC)
COST IS PURCHASE PRICE AMOUNT |
Up to 85% LTC
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When do we use Cost Basis?
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Used on purchases and refinances owned < 365
days Cost Basis is defined as [Purchase Price + cost of work already completed (verified and provided by Inspector)] |
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Rehab Allowed
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See Fix & Flip product page if rehab is needed
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Foreign Nationals
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Not allowed from ineligible country list
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Property Type
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Non-Owner Occupied:
- Attached or detached SFR - 2-4 unit residential properties - Townhomes - Condos |
Why Choose a Bridge Property Loan?
- Bridge loans are a short-term flexible loan solution, ideal for temporarily holding assets.
- Long term rates too high to lock in? Bridge loans can be used short-term to float the market.
- Tap into your cash with Bridge financing! Both purchases and refinances are eligible.
We have the product to meet your needs.
Important Note: If you are a broker, please call your FACo sales rep to initiate access to your new and enhanced portal. If you don’t know who your sales rep is, please call 1-800-227-8107.
Get Started
Complete the form below and a member of our experienced sales team will reach out to you directly to discuss your goals and answer any questions you may have.