BridgeWell routinely funds investors in as little as 10 days from start to finish. This can vary
depending on the size and type of the investment project.
There are no pre-payment penalties for our Investor Rehab loans, and our Cash-out Refinances.
Rental Property loans do have a pre-payment penalty for up to five years.
Our pricing is fair and straightforward with no junk fees or hidden charges at closing. A good
faith estimate of all loan costs will be provided free-of-charge after loan request.
The maximum (combined) loan-to-value can range from 60% to 80% of the After Repaired
Value (“ARV”) of the investment property, depending on the loan program. The ARV is
estimated by averaging recent comparable sales of arms-length transactions in the
neighborhood. We typically do not use foreclosures or short sales for comparison, only
conventional sales.
Debt Service Coverage Ratio (DSCR) is a calculation that helps us determine if a rental
investment is generating enough income to make its loan payment obligations. To calculate
the debt service coverage ratio, simply divide the net operating income (Rental Income)
by the annual debt (Principal, Interest, Taxes, Insurance and Association Fees).