When Opportunity Knocks, but Won’t Wait Around…
Bridge loans “bridge” the gap in financing —
for when you’ve found the perfect investment, and need to close quickly.
For Real Estate Investors, access to a reliable, fast and proven financing source is critical. ICF’s Bridge loan program is designed to meet the borrowers need to purchase quickly, cutting through the red tape of traditional financing methods.
ICF’s Hard Money Bridge Loans are designed for investment properties (Single Family – Non Owner Occupied, Multi-Family and Commercial) in need of little to no improvement, which will be sold or held as a rental property for the Investor.
Our Hard Money loans allow for the purchase price, closing costs, loan fees, etc., to be rolled into the loan up to the maximum loan of 70% of Appraised Value. Combined with our No Down Payment requirement, leaving you with valuable operating capital to complete your project.
We provide Hard Money Renovation Loans nationally, with few exceptions.
While we realize every borrower and transaction are unique,
the following is an overview of our general parameters.
General Loan Perimeters:
Up to 90% of Acquisition Cost
Loan to Value – Up to 70% of Appraised Value
Term – 9 Months to 24 Months
Payments – Interest Only
Credit Score Minimum – 650 Minimum
Pre-Pay Penalty – NONE
Origination – 2 to 3%
Vesting – Entity or Corporate Structure
FREQUENTLY ASKED QUESTIONS
No, ICF is a commerical purpose lender. Owner Occupied properties are considered consumer purpose and for those we recommend you seek conventional financing through traditional lenders.
Residential Stand Alone Single Family (non-owner occupied), Multi-Family and Mixed Use Commercial, properties in any condition.
No. You only pay interest for the term you have the loan. The faster you fix the property up and sell or refinance it, the more profit you will earn. Real estate investors should never pay pre-payment penalties!
No, ICF will only lend in 1st Lien position. We do allow for seconds from other sources.
Normal turn times range from 7 -10 business days after we receive the full property submission packet. Being pre-approved can save you valuable time in the process.
ICF will conduct an independent appraisal of the property in As-Is condition, as no improvements are being made to the property. If you are making improvement, check out our Renovation Loan as that will greatly affect the overall value of the property.
Our Hard Money Renovation Loan fits that model. ICF will loan based off the After Repair Value, versus the current value. So, if you are buying the property at a big enough discount, you can get it with No Money Down.
What our Clients are saying:
Ready to Submit your deal?
It’s as easy as 1, 2, 3….
Step 1 – Contact us to review the overall project at
300-500-7088
or complete the contact form and we’ll reach out to you as soon as possible.
Step 2 – Collect & Submit Documentation
Step 3 – Close your deal, typically within 7-10 days.
Not quite ready to submit but have questions? Use the contact form and we’ll respond pronto.