Bridge Loan ProgramShort Term Financing to Close the Gap
For investors who want to buy but their funds aren’t freed up from a previous property, Change Wholesale’s Bridge Loan can close the gap. This three-year, interest-only financing helps borrowers purchase an investment property without having to wait for another property to sell, a commission to come through, or another source of funds to become available.
- Loans up to $2.5 Million
- LTV up to 75%
- FICO beginning at 660
- Reserves starting at 6 months
- Three-year, interest-only program
- Available as first or second mortgage
- Rate reductions for higher FICO scores
- No prepayment penalty
- Investment Properties only
The Bridge Loan is ideal for borrowers who are ready to buy an investment property and prefer to use short-term financing.