SimpleBridge
Simplending provides interim financing for investment properties where a fast closing is needed & minimal or no rehab is planned.
Multifamily Bridge Loan
To deal with the complexity of real estate transactions, you must look for dynamic financing solutions. With our multifamily lending services, you can fill the gap between short term and long term financing needs. We give you the desired flexibility to grab the opportunities to optimize your investment.
We are multifamily mortgage lenders to cater you multiple financing solutions for achieving the desired flexibility and efficiency. With our versatile financing solutions, our clients can switch between properties or can take care of their multiple properties simultaneously.
Through quick application review and getting the funds on time, you can grab the time-sensitive opportunities. We provide high loan-to-value ratio that allow customers to get sufficient loan amount in favorable conditions. We are hard money lender multifamily that believe in less paperwork, thus give a smooth experience to our clients.
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?
Quick Access to Funds
Bridge loans provide fast access to capital, allowing you to seize time-sensitive opportunities, such as purchasing a new property before selling your current one.
Flexible Financing
Bridge loans facilitate a seamless transition between properties, helping to avoid delays in buying or selling, which can be crucial in competitive real estate markets.
Smooth Transition
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.
No Need for Immediate Sale
With a bridge loan, you won’t be pressured to sell your current property quickly, giving you the time to find the right buyer and achieve the best sale price.
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