Bridge Loans2022-08-21T21:15:26-04:00

Bridge Loans

Short-term gap financing to help you purchase quickly

Green Block’s bridge loans, sometimes referred to as gap financing, are short-term loans (usually up to 12 months) offered to real estate investors to take advantage of immediate opportunities such as purchasing a property quickly or to meet seasoning requirements. Being able to move quickly is a key to success in real estate investing, and our bridge loans can help you do that. Whether it’s a single family residence or an multi-unit apartment building, our bridge financing can help keep you one step ahead of the competition.

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Bridge Loans

High LTVs

Fast Funding

Non-QM Loans

Bridge Loan Details

1 – 4 Units

5+ Units & Mixed Use

Loan Types Purchase, Refinance, or Cash-out Purchase, Refinance, or Cash-out
Loan to Value (LTV) Purchase: The Lesser of up to 75% of the Purchase Price or up to 75% Loan-to-Cost

Refinance: Up to 65% of the As-Is Value

Cash-Out: Up to 60% of the As-Is Value

Purchase: : The Lesser of up to 75% of the Purchase Price or up to 75% Loan-to-Cost

Refinance: Up to 70% of the As-Is Value

Cash-Out: Up to 65% of the As-Is Value

Term 12 months with no pre-payment penalty 18 months with no pre-payment penalty
Rates Starting at 10.5% Starting at 10.5%
Property Types Non-owner occupied 1-4 units, condos, townhomes Multi-Family Apartment Buildings (5+ Units); Mixed-Use Buildings (Residential Space Must Be Greater Than 50% of Square Footage)
Minimum Experience None None
Minimum FICO 650 650
Loan Amount $50,000 – $7.5 million $250,000 – $10 million
($1 million max per-unit; minimum $50,000 per door)
Minimum Property Value $100,000 $50,000 per door
Borrower Type US-based business entities. Foreign National guarantors permitted. US-based business entities. Foreign National guarantors permitted.
Download our full program overview – 1 – 4 Units
Download our full program overview – 5+ Units

Bridge Loan Application Process

Our loan process is simple – designed to help you close quickly and seamlessly. We know that time is money and our team’s goal is to help you move fast.

Apply for Loan

Upload required documents to our secure online loan portal

Underwriting reviews the file

Loan is APPROVED!

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Frequently Asked Questions

What are your loan fees?2022-07-03T16:09:13-04:00

We believe in transparency, not hidden fees. Please review our Bridge Loan Program Overview document, which includes a list of our fees.

Can I refinance the bridge loan through Green Block?2022-05-22T17:14:41-04:00

Yes! We offer long-term 30 year rental loans for properties you intend to hold. We can refinance or cash-out refinance your existing loan after you’ve held it for at least 90 days. While the long-term loan cannot close until at least 90 days after your existing short-term loan has been held, we can begin the processing and underwriting of the loan prior to 90 days.

Is there a pre-payment penalty if I pay back the loan early?2022-05-22T17:13:50-04:00

No. You can pay back the bridge loan at any point up until the maturity date without paying a pre-payment penalty.

Does a bridge loan include funding for rehab work?2022-05-22T17:12:54-04:00

No. Bridge loans are not provided for rehab projects. See our Fix and Flip loans for loans that may include rehab funds.

How long can you hold a bridge loan?2022-07-03T16:05:24-04:00

Bridge loans are short-term loans. For 1-4 unit properties, the maximum term is 12 months. For multi-family or mixed-use properties, the maximum is 18 months.

What is a bridge loan?2022-07-03T16:06:28-04:00

A bridge loan is a short-term loan (usually up to 12 or 18 months) that is secured by real estate. These loans bridge the gap between an immediate need for capital and another (usually cheaper) source of capital that will be available in the future.

Who can borrow?2022-05-22T18:24:24-04:00

Our loans are for real estate investors looking to purchase, rehab, refinance, cash-out, or build investment properties. We lend only to legal business entities such as LLCs, LPs, or Corporations domiciled in the United States. We do not lend to individuals.

What are your Bridge Loan requirements?2022-07-03T16:12:55-04:00

Please review our Bridge Loan Program Overview document, which includes a list of our requirements.

What’s the difference between a Bridge Loan and a Fix and Flip Loan?2022-07-03T16:13:35-04:00

Bridge loans are for stabilized properties needing no rehab. Fix and Flip loans include a rehab component.

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