Bridge Loan Program from Lima One Capital
Bridge Plus from Lima One Capital is a bridge lending program that provides short-term interest-only financing on residential real estate properties. This interim financing is designed for investment properties that need a fast close, and the 13-month term on the residential bridge loan gives investors flexibility to execute their strategy.
Lima One’s bridge loan program works for properties where minimal or no rehab is planned, and non-recourse options are available for experienced investors.
Bridge Loan Program Highlights
Interest Only: Yes
Term: 13 months
Prepayment Penalty: None
Non-Recourse: Available for experienced investors
Residential Bridge Loan in Seattle, WA
Lima One was the bridge loan lender on this 25-property townhome portfolio in July 2020, giving the real estate investor flexibility to pivot their strategy in light of market changes during the pandemic.