BRIDGE LOANS
Seamless Transitions, Continuous Growth
- Short-Term Financing: Ideal for covering gaps between buying and selling properties.
- Fast Approval: Quick and efficient loan approval process to keep your projects on track.
- Customized Solutions: Tailored loan options to fit your specific real estate strategy.
Bridge Rental Loans
As with fix-and-flip loans, fast funding is essential for bridge rental loans, which share some characteristics with both fix-and-flip loans and long-term rental property loans:
- Single-family residences
- 2 – 4-unit family residential properties
- Townhomes and condominiums
- $50,000 – $5,000,000
- No money down
- 100% financing up to 70% LTV
- 9.9% interest rate on principal
- $700 appraisal and processing fee
- $1,000 document preparation fee
- 3-point origination fee
- 6-month loan term
- No prepayment penalties
- Loans to business entities, no individuals
Apply for Credit – Receive Proof of Funds Letter
The ResCap bridge rental loan is a valuable tool used by our customers to close fast on single-family rental properties so that they can build a rental payment history and “season the property.” The seasoning of a rental property helps our customers achieve more favorable interest rates on their long-term rental loans.
Apply for credit today so you will be ready to act when you find a good investment opportunity. It takes only 14 minutes to apply online and receive a Proof of Funds letter in about two days.
Make Residential Capital Partners your funding partner for all your real estate investments. Our technology platform makes it quick and easy to apply and our Administration and Underwriting Team deliver fast results to save you precious time when you need it most.
Income and Building Wealth
House flipping can generate substantial income; buying to own and rent can build real wealth as property values appreciate. At some point, experienced flippers begin to think about investing for the rental income stream and appreciation.
Many real estate investors do both. Then, the decisions about what to flip and what to keep begin, factoring in the property type, comparable homes in the area, projected upkeep expenses, and projected appreciation. Most rental property investors develop a formulaic approach and refine it as they gain experience.
No matter how long you have been investing, Residential Capital Partners has the experience, stability and resources to be your financial partner every step of the way. We measure our success in terms of your success.