LendingHome’s Bridge Pro program is a premiere loan program designed for ultra qualified real estate investors and expert fix and flippers. The Bridge Pro membership incorporates premium service, better rates, and fast close times.

 

Call 1-844-259-2016 to Get Started

 

 

What Does Bridge Pro Offer?

 

  • $5,000,000 credit facility with a one time qualification
  • A streamlined process that can close a loan in as little as five business days
  • A dedicated LendingHome Account Manager on call
  • Delivery of final terms within one business day of submission

 

Membership Benefits

 

The Bridge Pro membership is a twelve month membership with no upfront costs
Qualification

  • 10 completed flips in the last 24 months
  • No derogatory public records within the last 24 months
  • No felony convictions within the last 7 years
  • At least $25,000 in liquid assets
  • Minimum FICO of 660

Loan Terms

  • Purchase and refinance
  • $50,000 minimum loan amount
  • $1,000,000 maximum loan amount
  • 12 month term with no prepayment penalty

Max Leverage

  • 90% of purchase price
  • 75% of After Repair Value with holdback
  • 70% of After Repair Value without holdback
  • 100% of rehab costs (via holdback)

Interest Rates

  • 8.00% up to 75% Loan-to-Cost
  • 8.25% between 75-80% Loan-to-Cost
  • 8.75% between 80-85% Loan-to-Cost
  • 9.50% between 85-90% Loan-to-Cost
  • + 1.00% for certain judicial foreclosure states
  • + 0.50% for 2-4 units and condos

Fees and Pricing

  • No application fee
  • $499 application fee at closing
  • Vanishing points with closed volume

 

Call 1-844-259-2016 to Get Started

 

Disclaimer: The above is provided for informational purposes only and should not be considered tax, savings, financial, or legal advice. Please consult your tax advisor. All calculations and information shown here are for illustrative purposes only. All third parties listed above are for demonstration purposes only and are not affiliated with LendingHome. All views and opinions expressed in this post belong to the individuals referenced. NMLS ID: 1125207 Terms, Privacy & Disclosures. Copyright LendingHome Corporation 2019.