Pros & Cons

Removes the stress of searching for a new home while expecting your current home to sell quickly once it’s listed. Usually, realtors need to price your home 3-7% below other homes on the market.

Founder Kevin Theodora will personally oversee your bridge loan from start to finish. When you call The Bridge Loans, Inc., you will speak directly with Kevin. There is no middleman involved; Kevin will make all decisions as it relates to your loan. He underwrites and funds your loan, and is fully aware of your short and long-term financial goals. Kevin is also licensed under NMLS and DRE (see Bio).

Gives you time to complete any repairs or upgrades to your new home before moving in, eliminating the stress of coordinating your move and vacating your current residence.

Allows you to list your current home at the top market price, so you don’t have to set your sale price lower than comparable homes in your neighborhood.

The Bridge Loans, Inc. offers some of the lowest rates and fees compared to other lenders. Most lenders that advertise are considered “Hard Money” lenders, with rates ranging from 12-17% and fees of 5-10 points.

Depending on your tax bracket, the interest and fees may be partially or fully tax-deductible.

In the real estate industry, it is well known that a property in excellent condition and nicely furnished will sell for a higher price than a vacant home. This is another advantage of using a bridge loan, which can help you sell your home for top dollar.

It is uncommon for a home to sell at its original listing price. To avoid double discounting—when you list your home below market value for a quick sale and then a buyer offers an even lower price, forcing you to accept it in order to close on your new property—you need to be cautious. This helps prevent the risk of losing your earnest money deposit if contingencies have been removed.

The Bridge Loans, Inc. offers a pre-approval program that allows you to shop for a home before finalizing financing. This means you can shop as an all-cash buyer, make non-contingent offers, and close within 10-20 days. This advantage enables you to negotiate a significant discount on your new home. Typically, our clients see their offers accepted at 3-10% below the list price.

The Bridge Loans, Inc. provides loans for single-family residences, 2-4 unit properties, investment properties (including apartment buildings with up to 200 units), land, new construction and properties that are under construction.

Typically, bridge loans come with high rates and fees, which can be a valid concern. Bridge loan financing is a smart tool for purchasing, selling, refinancing, and / or securing financing for any real estate.