Purchase, refinance, or cash-out
Bridge loans on investment property
Short-term money to buy, refinance, or pull cash out, when rehab isn't the point.
Sometimes the bank is too slow, or the property doesn't fit a long-term loan yet. A bridge loan gets you to the next step: closing on the purchase, replacing financing already on the building, or freeing up cash. You pay it off with a sale or a refinance.
Uses: bridge purchase, bridge refinance, and cash-out on investment property. Subject to underwriting. We don't publish a rate.
Illinois and Chicago are where most of these requests start. The property does not have to be in Illinois. A real renovation belongs on the fix-and-flip loan. Questions.