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SimpleBridge

Simplending provides interim financing for investment properties where a fast closing is needed & minimal or no rehab is planned.

Stabilized Bridge

Simplending provides stabilized purchase and refinances on business-purpose assets nationwide

LOAN CRITERIA
  • Collateral:

    Single Family, 2-4 Family, Multi-family, Office/Retail, Mixed Use, Warehouse & Self Storage

  • Term:
    12 – 24 Months
  • Loan Amount:
    $100K** – $10M
    **Minimum value requirement of $35k per door. Subject to increase based on location.
  • LTV:
    Stabilized Bridge
    Purchase: Up to 80% of the As-Is Value
    Refinance: Up to 75% of the As-Is Value
    Cash-Out: Up to 70% of the As-Is Value
  • Credit Score:
    630 Minimum & Above
    No Experience Required

Why Multifamily bridge?

Short Term Loan

Short Term Loan

You can get the loan amount in no time as a short-term loan. It makes the loan type favorite for most real estate companies.

Multifamily bridge loans

Multifamily bridge loans

Multifamily bridge loans from Simplending help you profit more from any property.

Quarterly Payment

Quarterly Payment

The best part of such a loan is that you don’t need to give monthly payments. You can repay the full payment quarterly or half-yearly.

Long Term Loan Scheme

Long Term Loan Scheme

The best part of such a loan is that you can convert the loan scheme into a long-term loan scheme. It means it is much more flexible to operate. Especially if you want to renovate or refurbish your interior, you can go with it.

FAQs

Four types of multifamily loans are available in the market: conventional loans, Government-backed loans, portfolio, and short-term loans. Multifamily bridge loans come in the form of the short-term loans category.

Multifamily bridge loans are a kind of short-term loan that helps to build a bridge to stabilize the financial property. These loans come in flexible tenures.

Not at all. You can get it with simple documentation from private loan providers like Simplending.

Providing ROI between 8.5- 10.5 %, multifamily bridge loans are much more expensive than traditional mortgages or home loans. However, clearing the EMIs in an accurate time can give you relief.

A bridge loan is calculated by adding the net loan with the interest amount. The calculation is influenced by the term for which you are taking the loan.

Several metrics help you to qualify for a bridge loan. For instance, you must have a good credit score for a real estate bridge loan. However, it would be best if you qualify with enough income to get it fast for your purposes.

Businesses can use bridge loans to pay utility bills, rent, payroll, etc. It is a short-term loan that applies to any business.

In the real estate industry, bridge loans can help you buy your desired construction to stabilize your status in the market. Moreover, as a real estate agent, you can use such loans to buy properties before selling.