24 MONTH INTEREST ONLY BRIDGE LOAN

Payoff early without the hassle of a prepay penalty.
iFundRehabs 24 Month IO Bridge offers a no prepayment penalty OR DSCR requirements. Cash-out on a property while still on the market to purchase a new investment property! No need to wait for your property to sell!

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What is a Bridge Loan?

A Bridge Loan is a 24 month, interest only loan that investors use for a property until they secure a permananent loan or remove an existing obligation. This type of loan allows the client to meet current obligations by providing immediate cashflow.

Info to consider

Minimum Property Value: $75K

Minimum Loan Value: $45K*

Loan amount caps in place based on credit score:
  • Portfolio Loans: $80K min. property value, $250K min. loan value.
  • Single Asset loans: Add 112.5 BPs on loans under $75K; 75 BPs on loans $75K-$99,999. 5 bps-37.5 bps deduct on loans $200K+
  • 24 Month I/0: $75K min. loan value

$100K min. property value (mpv) for properties in Baltimore, Philadelphia, and D.C. $125K mpv for SFR properties and $75K mpv per unit for 2-4 unit properties in Cuyahoga and Cook Counties.
Additional requirements and stipulations apply for LTVs above 75% and DSCRs  < 1.0.