Bridge Loan

Bridge loans offered by Blue Bay Capital are the perfect fit for an investor who is looking for a way to "bridge" the time they need to either sell the property or, more ideally, to refinance into a DSCR loan. Our no-credit-check bridge loans mean the investors will be the highest possible for their refinance. Below are some highlights of our Bridge loan program:

• Loan Purpose

  We offer both purchase and refinance loans for this loan program.

• Asset Types

  We only offer loans secured to SFR (1-4 Units), Condos and Townhouses. Commercial assets will not be consider, unless they are owned free and clear and the investor is willing to cross collateralized them to reduce the capital they are bringing to the table.

• Approved States

  This loan is valid in the following states: (*Rural Properties are OK!)
  - Florida
  - Georgia
  - Alabama
  - Louisiana
  - Mississippi
  - Texas
  - Arkansas
  - Tennessee
  - Kentucky
  - North Carolina
  - South Carolina

• Borrower Type

  We only lend to entities.  So the borrower must be an LLC or Corporation, owned by the real estate investor.  Multi-member entities are approved, and we do not require a credit or background check for any members or entity owners.

• Borrower Experience

  No prior experience is required. Experience will affect the LTV of the loan and the Max Loan-to-After-Repair Value

• Loan Amounts

  We offer loan amounts for this program as low as $50,000 and up to $2,500,000.  We require 15- 35% down, depending on the investor's proven experience; all loans above $1M will incur an LTV Max ceiling that will incrementally decrease based on the amount.

• Loan Terms

  We offer the following loan terms for this loan program: 3-month | 6-month | 13-month.  These are the only terms we offer.  3-month and 6-month extensions are available, depending on the investor’s performance during the original term.

• Loan Rates

  Our rates are determined by the loan term.  Our 6-month term = 11.50% APR  | 9-month term = 12.25% APR  |  13-month term = 13.00% APR. This is an interest-only loan with monthly payments deducted from the investor’s bank account via ACH Debit.

• Loan LTV's

  We consider two primary metrics in this loan: Purchase Loan to Value “PLTV”  (if purchasing) ~or~ As-Is Loan to Value “LTV” (if refinancing).  Our Max PLTV/ LTV is 85% (with verified investor experience).

To find out more about our Bridge loan program, download our guidelines sheet below. We look forward to funding your next project soon!