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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
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 |
Ready to Get Started?
Connect with one of our bridge loan specialists today for short-term financing solutions.