How quickly can I get a bridge loan funded in San Francisco?
Our bridge loan funding timeline typically ranges from 5-10 business days from initial application, depending on property complexity and documentation availability. We can provide preliminary loan terms within 4-24 hours of receiving basic transaction information, enabling you to make competitive offers with financing confidence. Expedited closings are possible for straightforward transactions with clear title and readily available documentation. We maintain relationships with San Francisco appraisers, title companies, and legal professionals who understand bridge loan time sensitivity and can accommodate accelerated processing. For extremely time-sensitive transactions, rush processing may be available with additional coordination fees.
What interest rates and fees should I expect for a bridge loan?
Bridge loan interest rates typically range from 9% to 13% annually, reflecting the short-term nature, expedited underwriting, and higher risk profile compared to conventional financing. In addition to interest, borrowers should expect origination points ranging from 2-4% of the loan amount, covering loan processing, underwriting, and administrative costs. Other potential fees include appraisal fees, title insurance, legal documentation fees, and escrow charges. While these costs exceed conventional financing, they enable transactions and opportunities that would otherwise be inaccessible. We provide complete cost estimates upfront so you can accurately evaluate whether bridge financing economics align with your transaction objectives and projected returns.
Can I use a bridge loan if I have credit challenges or irregular income?
Yes, bridge loans emphasize asset-based underwriting focused primarily on property collateral value and exit strategy feasibility rather than borrower credit profiles or income documentation. While we review credit history and financial capacity, perfect credit and traditional income verification are not requirements. We regularly work with self-employed borrowers, foreign nationals, investors with complex tax situations, and those recovering from past credit challenges. The key underwriting considerations are property value, loan-to-value ratio, and credible exit strategy, typically sale of the property, placement of permanent financing, or liquidity event from another source. Documentation requirements are streamlined compared to conventional loans, emphasizing property information and transaction structure.
What happens if I can't repay my bridge loan when the term expires?
We understand that real estate transactions sometimes experience unexpected delays, and we work collaboratively with borrowers facing maturity date challenges. If your exit strategy timeline extends beyond initial projections, we offer extension options typically granted in 3-6 month increments subject to review of property status, market conditions, and payment history. Extension fees apply and are disclosed in original loan documents. Communication is essential, contacting us well before maturity dates enables us to explore extension options, modification structures, or alternative solutions. In rare cases where extensions cannot be arranged and loans remain unpaid at maturity, default provisions apply, potentially including penalty interest rates, acceleration of full repayment, and foreclosure proceedings. We strongly encourage proactive communication to avoid these outcomes.
Can I get a bridge loan for a property that doesn't generate rental income?
Absolutely. We provide bridge financing for both income-producing and non-income properties throughout San Francisco. For non-income properties, such as development sites, properties under renovation, or personal residences, loan-to-value ratios typically range from 60-70% versus 70-75% for income-producing assets. The underwriting focus shifts to property characteristics, marketability, and exit strategy viability rather than debt service coverage ratios. Properties requiring renovation may need completion plans and contractor qualifications documented. Development sites require feasibility analysis and entitlement status review. Whether you're acquiring a residential property for personal use, a development opportunity, or a renovation project, we can structure bridge financing appropriate to the specific property type and transaction requirements.
