Bespoke Bridge Loans: Flexible Financing Solutions for Your Real Estate Ventures

What is a BRIDGE LOANS?

Purchase, Refinance or Cash out

Bridge loan is a short-term loan that's ideal for situations requiring immediate and creative solutions, such as when you need to close a deal quickly or when your project isn't ready for conventional financing.

It's called a bridge loan because it serves as a bridge between one financing period and another, while you wait to sell or secure long-term financing.

At Alto Capital, we offer faster financing with excellent terms. Simplified loans, amplified profits.

What is a BRIDGE LOANS?

Purchase, Refinance or Cash out

Bridge loan is a short-term loan that's ideal for situations requiring immediate and creative solutions, such as when you need to close a deal quickly or when your project isn't ready for conventional financing.

It's called a bridge loan because it serves as a bridge between one financing period and another, while you wait to sell or secure long-term financing.

At Alto Capital, we offer faster financing with excellent terms. Simplified loans, amplified profits.

Bridge Loan Terms

PROPERTY TYPE

Single Family: 1-4 Units / Condos
Multi Family: 5 – 30 units

Loan Amount

UP TO US$ 5.000.000 (Loan amount above US $5M subject to longer approval time and additional requirements)

TYPE OF LOAN

Interest only short term loan with a balloon payment at maturity.

PURCHASE

75%

REFINANCE

75%

CASH OUT

70%

Term Length

Up to 18 months + 6 months extension.

BASE RATE

STARTING RATE 8.75% (Interest only payments on disbursed amount)

MINIMUM FICO SCORE

700

PREPAYMENT PENALTIES

NO PREPAYMENT PENALTIES 10-14 DAYS CLOSINGS

FOREIGN NATIONALS ACCEPTED

+ 0.25 to base rate

REQUIREMENTS

  • 3 months of bank statements
  • ID, passport, (US visa for foreign nationals)
  • Entity Documents (LLC or Corp), EIN & OP Agreement
  • Rehab budget (if applicable)
  • 6 months liquidity/reserves
  • Non-owner occupancy certification
  • SSN for credit report and background check
  • Evidence of insurance (full replacement + 500K liability) & builder’s risk insurance (if applicable)
  • Minimum Fico score of 700
  • Signed loan application.
  • Purchase Contract (if applicable.)
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FAQ

What exactly is a bridge loan?

A bridge loan is a short-term financing option that is used to bridge the gap until a more permanent financial arrangement can be secured.

In which scenarios is a bridge loan most appropriate?

It’s ideal for situations like buying a new residence before the sale of the current one, funding projects while awaiting a long-term loan approval or seizing short-term investment ventures, to name a few.

Is collateral necessary for a bridge loan?

Absolutely. To secure a bridge loan, you must provide collateral, typically real estate or land.

Can I settle my bridge loan ahead of schedule without incurring extra charges?

Certainly! At Alto Capital, we don’t impose any penalties for settling your loan ahead of its due date.

Can I consider refinancing my bridge loan?

Indeed, in specific situations, you can refinance your bridge loan either with a similar product or with a more extended financial solution.

What if the asset I intend to offload (e.g., my residence) is sold after the bridge loan's due date?

At Alto Capital, we recommend reaching out to us a month before your loan’s expiration. We’ll guide you through the best alternatives, which might involve prolonging your current loan or opting for a different financing solution.