Short-Term Mortgage Bridge Loans | Valor Lending Group
Are you interested in learning about our new Short-Term Mortgage Bridge Loans?
Have you found the home of your dreams but your funds are tied up in your current property?
When trying to buy the home of your dreams the process can be stressful. It can become even more hectic if the current home you have has not sold. If your current home has equity, a bridge loan could make the process of buying your dream home a bit smother. The application process for a bridge loan is a faster process but also can be a bit risky and more expensive.
We have helped thousands of Californians and real estate investors nationwide. There is no question too big or too small that we won’t be able to help you with. We pride ourselves on our top-notch communication skills to tackle any situation that comes our way. Reach out to us today, and one of our loan officers will get back to you ASAP with advice you can trust.
A Bridge Loan is a short term loan that is designed to help a borrower during a transitional period. Combining the value of your current home with the home you would like to purchase, the borrower will “bridge” those two items together in hopes of getting the maximum amount of 80% LTV. However, some lenders may have different standards so that could vary. Bridge loan lenders can fund a residential bridge loan as quickly as 2 weeks for a purchase.
Bridge loans are available for numerous types of property such as:
- Residential
- Owner occupied or investment (non owner occupied)
- Single-family, multi-family, apartment buildings
- Commercial
- Industrial
We work with the absolute best to procure the top rates and scenarios around.
Valor Bridge Owner Occupied:
Do you need to pull cash out of your primary residence for a business purpose?
- Property being used as the borrower’s primary residence
- terms of up to 11 months
- Max LTV of 75% on 1st TD | Max CLTV 65% on 2nd TD
- No Prepayment Penalty
- Interest Only starting in the 7’s
*Owner occupied for California Properties ONLY
Valor Investment Property | Non owner occupied:
Property being used as the borrower’s investment property?
- Terms 1 to 5 years
- Max LTV of 80%
- No Prepayment Penalty
- Interest Only starting in the 7’s
Valor Cross-Collateral Loan:
Do you have a portfolio with properties that have available equity?
- Leverage for 100% financing when crossing other real estate owned at 65% CLT for 100% Financing
- Terms of 1-2 years
- Max CLTV of 65%
- No Prepayment Penalty
- Interest Only starting in the 7’s
**no Appraisal Subject to lender discretion on a case by case basis
Needs for Quote (Email Julius the following):
- Property Address:
- Purchase Price (for Purchase):
- Property “as is” Value:
- Current Balance (for Refinance):
- Total Monthly Rents (confirm if long term or short term Airbnb leases):
- Monthly Taxes and Insurance:
- Approx. Credit Score:
- Vesting in and Entity or Individual name:
We are never too busy for your referrals.
CONTACT ME TODAY for immediate attention to your scenario!
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