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 or resale, without renovations during the loan term.
Bridge Loan Overview

Eligible Collateral

Fixed rate, Interest Only

Seasoned Refinance: As-Is Appraised Value
Unseasoned Refinance: Lesser of (Purchase Price or As-Is Value)

Not Applicable

Cash to close (equity + closing costs)

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

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

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

1st position lien secured by a mortgage, deed of trust, or other security instrument

1-4 Units, SFR/PUD, Condo, NW Condo, Townhome, 5-9 Units, Raw/Entitled land

(exceptions: > 2 acres; Mixed-use; Modular)

12 months

Business Purpose RTL (Non-Owner Occupied)

Loan Type

Lien Position

Loan Term

Loan Purpose

Ineligible States

Reserve Requirement

Liquidity Requirement

Cost Basis

Prepayment Penalty

Interest Charged

1-4 Unit Properties









5-9 Unit Properties









Full Appraisal (URAR, 1025, 1073)

CDA may be required

$2M (Tier 3 & 4 ineligible)

Commercial Narrative

CDA may be required

$100k

$500k

$5M

Minimum Loan Amount

Maximum Loan Amount

Appraisal Requirement