Investing in real estate requires both vision and capital. Whether you’re an experienced investor or a first-time flipper, access to fast, flexible funding is essential for success. Our Bridge and Fix & Flip Program is designed to provide the financial support needed to acquire, renovate, and sell properties with ease. Here’s how our program can help you maximize your real estate opportunities:

What is a Bridge Loan

A bridge loan is a short-term financing option designed to provide immediate capital until a borrower secures permanent financing or removes an existing financial obligation. It is commonly used in real estate to “bridge the gap” between purchasing a new property and selling an existing one.

Key Features of a Bridge Loan:

• Short-Term Duration: Typically lasts from 6 to 12 months (sometimes longer).
• Quick Access to Funds: Faster approval and closing times compared to traditional loans.
• Higher Interest Rates: Interest rates range from 8% to 12% or more, as it’s a temporary solution.
• Collateral-Based: Often secured against the property being purchased or another asset.
• Interest-Only Payments: Many bridge loans require only interest payments until the loan is paid off.

Common Uses for Bridge Loans:

1. Real Estate Investors & Flippers: To purchase and renovate properties before selling or refinancing.
2. Homebuyers: To buy a new home before selling their current one.
3. Business Owners: To cover short-term expenses while awaiting long-term funding.

Bridge loans are ideal for those who need fast, flexible financing but should be used strategically due to their higher costs and short repayment terms. Let me know if you need more details!

Why Choose a Bridge or Fix & Flip Loan?

Bridge and fix & flip loans offer short-term financing solutions for investors looking to purchase and renovate properties for resale. These loans provide quick access to capital without the constraints of traditional mortgage financing. With competitive rates and fast closing timelines, our program is the perfect fit for real estate investors ready to take action.

What is a Fix and Flip Loan?

A Fix and Flip Loan is a short-term financing option designed for real estate investors who purchase, renovate, and then sell properties for a profit. These loans provide quick access to capital, allowing investors to fund both the purchase price and renovation costs without tying up their own cash.

Key Features of a Fix and Flip Loan:

• Short-Term Financing: Typically 6 to 18 months, often interest-only payments.
• High Loan-to-Cost (LTC) & Loan-to-Value (LTV) Ratios: Funding up to 90% of total project costs or 80% of property value.
• Renovation Costs Covered: Many fix and flip loans finance 100% of renovation expenses subject to program loan-to-value limits.
• Fast Closing: Usually closes within 21 to 28 days, sometimes faster for urgent deals.
• Higher Interest Rates: Short-term bridge and fix-and-flip financing is priced above conventional mortgage financing, reflecting the shorter term and the nature of the collateral. Actual pricing depends on the project, the borrower, and the exit strategy.
• Collateral-Based: Loan approval depends on the property’s value and after-repair value (ARV) rather than personal income.

Who Uses Fix and Flip Loans?

• Real Estate Investors: Looking to buy undervalued properties, renovate them, and sell at a higher price.
• House Flippers: Both experienced and first-time flippers who need fast funding for projects.
• Contractors & Developers: Seeking capital to improve and resell distressed properties.

These loans are ideal for those who want to leverage capital, complete renovations quickly, and maximize profit margins. Want to explore how a Fix and Flip Loan can work for you? Let’s talk!

Program Highlights:

Flexible Loan Amounts

• Get financing for a percentage of Total Loan to Cost (TLC) or Loan to Value (LTV), subject to program limits
• Loan sizes range from $150,000 to $7.5 million, allowing for projects of various scales

Renovation Funding

• Renovation costs may be financed subject to program loan-to-value limits
• Ideal for investors looking to enhance property value before resale

Convenient Loan Terms

• Standard loan term: 12 months (extensions available by exception)
• Interest-only payment structure during the loan term

Streamlined Valuation & Approval Process

• Valuations are based on professional appraisals
• 680 minimum credit score required (exceptions considered on a case-by-case basis)
• No debt service requirement or rental income needed

Fast & Efficient Closings

• 21 to 28-day closing timeline (with exceptions for faster closings)
• Loans can be closed in an entity name for asset protection and tax advantages

Wide Range of Eligible Properties

• Financing available for both single-family and multifamily properties
• Foreign nationals are welcome to apply!

First-Time Flippers Are Welcome!

• New to real estate investing? Ask about our 1st Time Flippers’ Program designed to help beginners navigate the process successfully.

Take the Next Step in Your Investment Journey

Whether you’re a seasoned investor or just getting started in real estate, our Bridge and Fix & Flip Loan Program offers the capital and flexibility you need to succeed. With fast approvals, generous loan terms, and comprehensive renovation funding, we make investing in real estate easier than ever.

Ready to fund your next project? Contact us today to learn more and get started!

These are business-purpose loans for non-owner-occupied investment or commercial property and are not consumer mortgages. All figures shown are estimates based on information provided and are not a commitment to lend. North Star Mortgage Network, Inc. is a licensed mortgage broker and arranges loans through third-party lenders; it does not make loans directly. Program terms, pricing, minimum credit scores, loan-to-value limits, and eligibility requirements vary by program and are subject to change without notice. Lender overlays may be stricter than agency minimums. All loans subject to credit approval and property qualification. Restrictions apply. Equal Housing Opportunity.
North Star Mortgage Network, Inc. | NMLS #356789 | Nathan Young NMLS #325206 | Jacksonville, FL | www.nsmn.com | 904-880-6741