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.
- Loan amounts up to $2.5 million
- LTV up to 75%
- FICO beginning at 660; rate reductions for higher FICO scores
- Reserves starting at 6 months
- Three-year, interest-only program
- No prepayment penalty
- Investment properties only
- 1st lien only
The Bridge Loan is ideal for borrowers who are ready to buy an investment property and prefer to use short-term financing.