Bridge Loans for Real Estate Investors

Center Street Lending, a direct lender for residential real estate investors, funded a $2,775,000 bridge loan secured by a single-family home in Napa, CA. The property value was estimated at $5,100,000 so our loan-to-value was 54%. We paid off a previous loan balance of $2,150,000.This newly designed contemporary residence in the Silverado Crest community stands out as a one-of-a-kind home at Silverado Resort. The luxurious smart home seamlessly blends advanced technologies with eco-friendly, sustainable features. The subject property is approximately 5,196 square feet set in a 0.50-acre lot. The Borrower plans to sell the property as an exit strategy. The loan term was set at 12 months. This bridge loan was funded in January 2025.

Center Street Lending, a direct lender for residential real estate investors, funded a $970,000 1st lien position bridge loan for the acquisition of a single-family rental home in Bonita Springs, a city located between Fort Myers and Naples in Southwest Florida. We funded 75% of the $970,000 purchase price, while the Borrower contributed 25% cash at closing. This Olde Florida-style architecture features a freshly painted wraparound front veranda and a southern exposure that provides sunlight all day over the pool deck and filters into the house. The subject property was in excellent condition and vacant at closing. It is approximately 2,779 square feet set in a 0.47-acre lot. The Borrower plans to lease the home and eventually refinance as an exit strategy. The loan term was set at 12 months. This bridge loan was funded in June 2024.

Stormfield Capital, a technology-enabled direct portfolio lender, funded a $4,150,000 1st lien position bridge loan for the acquisition of a residential investment property in the Park Shore neighborhood of Naples, FL. We funded 55% of the $7,500,000 purchase price, while the Borrower contributed 45% cash at closing. The loan originated at a sub 55% LTV and allowed the Borrower to close on an expiring purchase contract. The property was newly renovated and vacant at closing. It is approximately 5,200 square feet. The Borrower’s plan is to lease the property and refinance within the 12-month loan term. The interest rate was 10.5%. We charged 1% and the broker earned a $41,500 commission. Naples, along Florida’s Gulf Coast, is a sought-after destination known for its pristine beaches, luxury residences, and vibrant community, attracting both year-round residents and seasonal visitors. This purchase bridge loan was funded in August 2024.

Center Street Lending, a direct lender for residential real estate investors, funded a $858,817 1st lien position bridge loan for the acquisition of a condominium unit in Irvine, Orange County, CA. We funded 75% of the $1,145,090 purchase price, while the Borrower contributed 25% cash at closing. This contemporary home has been nicely upgraded with luxury vinyl flooring throughout, recessed lights, and plantation shutters. It includes direct access to a ground floor gated 2-tandem garage parking space with elevator access. The Borrower plans to operate a short-term rental eventually refinance into a 30-year rental loan. The unit was vacant at closing. The loan term was set at 12 months. This purchase bridge loan was funded in June 2024.

Center Street Lending, a direct lender for residential real estate investors, funded a $3,325,000 1st lien position bridge loan secured by a single-family home in Phoenix, Arizona. This was an internal refinance loan to give the Borrowers additional time to sell the home and get some of their equity back for ongoing projects that they have. The property value was estimated at $5,000,000 so the loan-to-value was 66.50%. We paid off a previous loan balance and provided the funds for their other projects. The Borrowers are highly experienced investors specializing in the renovation and building of high-end luxury homes. The subject property is a contemporary home built into the side of Camelback Mountain, truly being an architectural masterpiece. The unique design of the home offers unrivaled views of both the city lights and the mountainside. The subject property is approximately 5,393 square feet set in a 1.56-acre lot. The loan term was set at 12 months. This SFR refinance bridge loan was funded in July 2023.

Capital Funding Financial, a direct lender, funded a $1,875,000 1st lien position bridge loan secured by a single-family home in the prestigious Highland Park neighborhood of Dallas, Texas. The property value was estimated at $3,750,000 so our loan-to-value was 50%. The Borrower was in need of fast & flexible financing with an interest reserve. They had already completed over $500,000 in interior updates and plans on selling the property in the near future. The 5,766-square-foot property has been featured in a number of interior decorating magazines for its sleek design with a modern classic feel. It has 5 bedrooms and 6 bathrooms, was newly renovated and vacant at closing. The Borrower had good credit. The interest rate was 10.99% and we charged 2% origination points. The loan term was set at 12 months. Given Capital Funding Financial’s local knowledge and experience in Texas, no appraisal was ordered, and the loan was funded in just 7 days! This refinance bridge loan was funded in September 2023.

Rubicon Mortgage Fund, a direct private money lender, funded a $1,000,000 1st lien position equity cash-out bridge loan secured by two commercial retail buildings located in McKinleyville and Crescent City, California. The Borrower is an experienced movie theater owner and operator. He needed to cash out equity on the 2 properties for working capital. The combined loan-to-value was 50%. The company owns over 15 movie theaters in Northern California. They plan to pay off our bridge loan using cash flow from the business over the next few years. The two properties total approximately 39,600± square feet of retail space and were in good condition. Both properties are located in small coastal towns. McKinleyville is in Humboldt County, just north of Eureka. Crescent City is farther north in Del Norte County, close to the Oregon border. The loan term was set at 3 years. This CRE equity cash-out loan was funded in September 2023.

RCN Capital, a national direct private lender, funded a $318,953 1st lien position bridge loan for the acquisition of a single-family home in North Fort Myers, Florida. We funded 75% of the $425,270 purchase price, while the Borrower contributed 25% cash at closing. The property appraised for $490,000 As-Is, so our loan-to-value was 65%. The experienced Borrower (5+ Verified) plans to renovate the home to stabilize before listing the property for resale, but they will self-fund the rehab budget. The guarantor on the loan had excellent credit with a middle score of 796 and a background history without any issues. Their bank statements reflected sufficient liquidity to close this deal and the deal was structured in accordance with the guidelines. The loan-to-value was 65.1% and the loan-to-cost was 75%. The subject property was in excellent condition. It is approximately 1,981 square feet. The interest rate was 10.99% and we charged 4% origination points. The loan term was set at 12 months. This SFR purchase bridge loan was funded in June 2023.