Bridge Loans

After-Repair Value Loans

Short-term financing for the purchase & rehab of non-owner occupied properties.

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Fund your Fix & Flip with NoteWise Investments - Low rates with no hidden fees

Looking for Funding For Your Next Fix & Flip Project?

Notewise Investment’s ARV Loan Program offers financing for up to 90% of the purchase price + 100% of renovation costs, not to exceed 75% of the after repair value.  Additionally, Notewise Investments only charges interest on your outstanding balance, not on the rehab holdback so you don’t pay for the funds you aren’t using.

 

LOAN CRITERIA


COLLATERAL:

Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties


TERM

12 Months & 18 Months


LOAN AMOUNTS

$50k – $2.5M for 1-4 Family, Condos, & Townhomes
$250k – $5M for Multi-Family (5+)/Mixed-Use


RATES

As Low As 8.49% (Interest Only Charged on Outstanding Balance)


LTV

Up to 90% of the Purchase Price + 100% of the Renovation Cost; Not to Exceed 75% of the ARV


MINIMUM FICO

600


MINIMUM PROPERTY VALUE

$75k for 1-4 Family
$50k per Unit for Multi-Family (5+)/Mixed-Use


PREPAYMENT PENTALTY

2% Prior to Month 9


BRIDGE LOAN PROGRAM TYPICAL LEVERAGE – LTV

PURCHASE

The Lesser of Up to 75% of the As-Is Value or Up to 80% of the Loan to Cost

REFINANCE

Up to 72.5% of the As-Is Value

CASH OUT

Up to 70% of the As-Is Value

Final loan terms may vary based on loan types, verification of application information, and other risk-based factors.