Short-Term Financing

Bridge Loans

Truly's Bridge Loan program is designed to provide business-purpose lending to professional and emerging real estate investors for acquiring or refinancing properties intended for rent, resale, or stabilization.

12-month terms

No prepayment penalty

Up To 80% LTV

Quick closing

620 Min. Score To Qualify

Cash out for reserves

Call 866-219-2294

Program Highlights

Loan Amounts$100K - $5M

Loan Term12 Months

Interest TypeFixed, Interest Only

Property TypesSFR, Condo, Townhomes, 2-4, 5-9

Program Details

Bridge Loan Overview

Strategic short-term financing for acquisition, stabilization, and refinancing needs.

Loan Terms & Requirements

Loan TypeBusiness Purpose RTL (Non-Owner Occupied)

Eligible Collateral1-4 Units, SFR/PUD, Condo, NW Condo, Townhome, 5-8 Units, Raw/Entitled Land (exceptions: > 2 acres; Mixed-use; Modular)

Lien Position1st position lien secured by a mortgage, deed of trust, or other security instrument

Loan Term12 months

Loan PurposeAcquisition & Entitlement, Recap & Stabilization Loan, Purchase, Delayed Purchase, Rate/Term Refinance, Cash-Out Refinance

Ineligible StatesNV, ND, SD, VT (AK & HI considered on an exception basis)

Interest ChargedFixed rate, Interest Only

Reserve Requirement6 months of interest only payments (cash out may be used for reserves)

Liquidity RequirementCash to close (equity + closing costs)

Cost BasisSeasoned Refinance: As-Is Appraised Value | Unseasoned Refinance: Lesser of (Purchase Price or As-Is Value)

Prepayment PenaltyNot Applicable

Property Type Requirements

	1-4 Unit Properties	5-8 Unit Properties
Minimum Loan Amount	$100K	$500K
Maximum Loan Amount	$5M	$2M (Tier 3 & 4 Ineligible)
Appraisal Requirement	Full Appraisal (URAR, 1025, 1073) CDA may be required	Commercial Narrative CDA may be required