Bridge Loan Lenders in California

The name bridge loan is quite accurate – it essentially bridges the gap from point A to point B. It’s a short-term loan from six months to one year that can be used in both commercial and residential real estate. The biggest benefit of a bridge loan is that it can provide the funds necessary to complete a project, even if the full amount is not yet available. 

For example, if you’re selling your current home and need to close on your new home before the sale is finalized, a bridge loan can provide the funds to do so. Of course, it is essential to ensure the ability to pay off the loan before the end of the term, otherwise, you may be stuck with two payments. Bridge loans in California are also used to purchase land or equipment and are highly popular for financing real estate business. 

Benefits Of California Bridge Loans

When it comes to borrowing money for a development project or covering the costs of a down payment on a new home, bridge loans can be one of the best options. Bridge loans have many benefits, let’s take a look at some of them:

1. Flexibility

Bridge loans are typically used when someone is buying a new home before their current home has sold, and they need the extra funds to cover the down payment and other associated costs. The main advantage of a bridge loan is that it can provide you with the financial flexibility to buy a new home without having to sell your current home right away.

2. No upper limits 

That there are no upper limits on the amount you can borrow. The only thing that will determine the maximum amount you can borrow is your circumstances and the lender involved. The average loan amount is usually equal to 80% of the combined value of your current home and the home you wish to purchase. Experienced developers sometimes even manage to borrow 100% of their development costs through bridging finance. 

3. Avoid PMI

One of the great things about bridge loans is that you can avoid giving mortgage insurance companies your hard-earned money, otherwise, paying PMI (private mortgage insurance). The way to avoid this payment is to put down 20% or more when you get your loan. And the California bridge lenders can help you do just that. 

So, if you’re thinking of taking out a loan for your next real estate project, bridging finance could be the perfect option for you.

Why You Should Choose Lending Bee Inc

Lending Bee is one of the top bridge loan lenders in California specializing in financing for commercial and residential real estate. Having a long track record of success, our team of experienced professionals is dedicated to providing our clients with the best possible service. We offer competitive terms and rates and are committed to getting the deal done quickly and efficiently. 

  • We provide our clients with the best possible service and the most competitive rates
  • Funding of Deals from $50k to $25mil and fast closing in 5-7 days only.
  • Flexible terms, transparency, and lack of any hidden fees.
  • We have over 20 years of experience in the industry, and our in-house underwriting and processing departments allow us to fund projects quickly and efficiently
  • Not only that, but we value your investing experience and count it as a number one priority!

We have a deep understanding of the real estate market and work closely with our clients to ensure they get the right financing for their needs. 

Our Services

Lending Bee works with all types of property, and our team is ready to help you find the right loan for your needs:

  • Apartments
  • Condominiums
  • Office buildings
  • Cannabis warehouses
  • Hotels and motels
  • Industrial buildings
  • Restaurants, and more

Whether you’re looking for a traditional mortgage, a bridge loan, or something else entirely, we’re here to help. Our team of experienced lenders has a deep understanding of the California real estate market, and we’re dedicated to finding the right loan for your unique situation. If you’re looking for bridge loan lenders California, we’re here to help. We work with all types of property, and our team is ready to help you find the right loan for your needs. Contact us today to learn more about our bridge loan options.

Our Cases 

About Lending Bee

We’re a one-stop shop for bridge loans California and all things real estate. Whether you’re looking to buy, build, or fix and flip property, we have the resources and expertise you need. And because we’re a direct lender, we can approve your loan quickly and get you the money you need fast. So if you’re in the market for a bridge loan, remember: time is of the essence, and Lending Bee is the bee’s knees.

  • 24-hour pre-approval
  • Support at every step
  • Closing in 5-7 days
  • Loan amount: Up to $25M
  • LTV Ratio: Up to 75%
  • Commercial and residential property
  • Purchase, Refinance, Cash Out
  • $0 prepayment penalty option available
  • For real estate investors in California

FAQs

How much can you borrow on a bridge loan?

There are no upper limits on the amount you can borrow. The size of your loan will be determined by your circumstances. This flexibility can be extremely helpful if you need to raise a large sum of money in a short space of time. However, it’s important to bear in mind that bridging loans often come with higher interest rates and fees, so it’s important to shop around for the best deal or contact Lending Bee Inc before making a decision.

What credit score is needed for a bridge loan?

To qualify for a bridge loan, borrowers must typically have a good credit history and a strong income. However, some bridge loan programs may be willing to work with borrowers who have lower credit scores starting from 600, as long as they can demonstrate that they have handled debt responsibly in the past. 

How long does it take to get approved for a bridge loan?

If you’re looking to take out a bridging loan, it’s important to know that you won’t have access to the funds right away. Depending on various factors, a bridging loan can take anything from 72 hours to a couple of weeks to complete. It’s important to remember that the loan is meant to bridge the gap between two financial commitments. In other words, it’s not meant to be a long-term solution. So if you’re looking to take out a bridging loan, it’s best to be prepared for a bit of a wait.

Sum Up

If you’re in the real estate business, you know that time is of the essence. That’s where Lending Bee comes in. We are one of the leading California bridge lenders, and we’re always on the lookout for new financing opportunities. Whether you’re looking to finance a new home, a commercial property, or even a honey farm, we’re here to help. We understand that everyone’s needs are different, which is why we offer a wide range of products and services. And if you’re not sure where to start, our team of experts is always happy to give you some advice. 

So why wait? Contact us today on FB, IG, or WhatsApp, or call 818-761-7234 and let us help you get the funding you need.

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