Florida Bridge Loans - Interim Real Estate Financing
Get short-term bridge financing in Florida for time-sensitive real estate transactions. Perfect for investors who need to close quickly while arranging permanent financing or selling existing properties.
Get Bridge Loan Terms
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Bridge Loan Program Details
Common Bridge Loan Scenarios
- Buy Before You Sell: Purchase a new property before selling your current one
- Quick Closings: Compete with cash buyers by closing in days, not weeks
- Renovation Projects: Short-term financing during major renovations
- Auction Purchases: Fast funding for auction properties with tight deadlines
- Portfolio Transitions: Interim financing while restructuring property portfolios
- Distressed Properties: Quick funding for properties that don't qualify for traditional loans
Loan Terms and Structure
- Loan Amounts: $100,000 to $5,000,000+
- Terms: 6 to 24 months
- LTV: Up to 80% of property value
- Interest Rates: Starting at 8% (varies by deal specifics)
- Points: 1-4 points depending on terms and borrower profile
- Payments: Interest-only monthly payments
- Prepayment: No prepayment penalties
Eligible Property Types
- Single-family residential homes
- 2-4 unit multifamily properties
- Small commercial properties
- Mixed-use buildings
- Land with development potential
- Condominiums and townhomes
Bridge Loan Advantages
Speed and Flexibility
Bridge loans are designed for speed. While traditional loans can take 30-60 days, bridge loans can close in 7-14 days, allowing you to act quickly on time-sensitive opportunities.
Competitive Edge
With bridge financing pre-approved, you can make cash-equivalent offers that are more attractive to sellers, especially in competitive markets.
Portfolio Management
Bridge loans provide the flexibility to acquire new properties without being constrained by the timing of existing property sales.
Exit Strategies
Successful bridge loans require clear exit strategies:
- Property Sale: Sell the bridged property or another asset
- Refinance: Convert to permanent financing once stabilized
- Portfolio Restructure: Arrange blanket financing across multiple properties
- Partner Buyout: Bring in equity partners to pay down the bridge loan
- Rental Income: Stabilize rental income to qualify for permanent financing
Required Documentation
Property Information:
- Purchase contract or property details
- Recent appraisal or BPO (Broker Price Opinion)
- Property photos and condition report
- Rental history (if applicable)
- Property insurance information
Borrower Information:
- Completed loan application
- Personal financial statement
- Proof of assets and liquidity
- Real estate experience summary
- Exit strategy documentation
Florida Bridge Loan Considerations
Market Timing
Florida's seasonal real estate patterns can affect bridge loan strategies. Winter months typically see higher buyer activity, while summer can be slower, potentially affecting exit timing.
Insurance Requirements
Florida's hurricane risk requires comprehensive insurance coverage. Bridge loans must account for higher insurance costs and potential weather-related delays.
Property Types
Different Florida markets favor different property types. Beach properties, urban condos, and suburban homes all have different liquidity characteristics that affect bridge loan viability.
Bridge Loan Process
- Pre-Qualification: Initial review of borrower profile and deal overview
- Application: Submit complete application with property and borrower documentation
- Property Evaluation: Rapid property valuation and market analysis
- Approval: Conditional approval typically within 24-48 hours
- Due Diligence: Title work, insurance verification, final underwriting
- Closing: Fund loan in 7-14 days
Success Tips for Bridge Loans
- Clear Exit Strategy: Have a well-defined plan for loan payoff
- Conservative Timing: Allow extra time for your exit strategy
- Market Knowledge: Understand local market conditions and timing
- Professional Team: Work with experienced agents, attorneys, and contractors
- Backup Plans: Have alternative exit strategies in case primary plan falls through
Bridge Loan FAQs
When would I need a bridge loan?
Bridge loans are ideal when you need to close quickly on a purchase before selling another property, need temporary financing during a transition period, or want to secure a property while arranging permanent financing.
How long are bridge loan terms?
Bridge loans typically have terms of 6-24 months. They're designed as short-term solutions to bridge the gap between immediate financing needs and long-term financing arrangements.
Can I extend my bridge loan if needed?
Yes, most bridge loans offer extension options if you need additional time. Extensions are typically available in 6-month increments, subject to the property's performance and borrower's situation.
What interest rates can I expect?
Bridge loan rates are typically higher than permanent financing, usually ranging from 8-15% depending on the deal specifics, borrower experience, and loan-to-value ratio.
Do bridge loans require cross-collateralization?
Bridge loans can be structured with or without cross-collateralization. We can use multiple properties as collateral if it helps you achieve better loan terms or higher loan amounts.
When would I need a bridge loan?
Bridge loans are ideal when you need to close quickly on a purchase before selling another property, or for transitional situations requiring temporary financing.
How long are bridge loan terms?
Bridge loans typically have terms of 6-24 months, with the option to extend if needed.
Get Fast Bridge Financing for Your Florida Deal
Don't let timing constraints cost you great opportunities. Our bridge loans provide the speed and flexibility you need to compete and win.
Not a commitment to lend. Terms subject to underwriting, market conditions, and borrower experience. All loans subject to credit approval and property evaluation.
Rates and terms vary based on loan type, property type, borrower experience, and market conditions. Contact us for current rates and terms specific to your deal.
This information is for real estate investors and is not intended for owner-occupied properties. Investment properties only.