Unique Loan Terms
|Payments||Interest Only||Interest Only||Interest Only||Interest Only||Interest Only|
|Rate – 1st Mortgage||7.95 – 9.95%||8.95 – 10.95%||10.95 – 12.95%||12.95%||TBD|
|Term (Years)||1 – Year||1 – Year||1 – Year||1 – Year||TBD|
2-4 Unit – Reduce LTV by 5%
|Min. Loan Amount||$75K||$60K||$60K||N/A||$500K|
|Max Loan Amount||$500K||$500K||$250K||$500K||$2MM|
|Down Payment||15% of TCC
(Purchase, Rehab & Closing Costs)
|Min 10% Down||Min 10% Down||N/A||TBD|
|Title||Company or Land Trust||Company or Land Trust||Company or Land Trust||Company or Land Trust||Company or Land Trust|
Anyone with more than 25% ownership must qualify
|Min. Credit Score||600
660 min for NY, NJ, MD, CT, IL, IN
|Reserves||6 months||6 months||4 months||6 months||Case by case|
|Interest on Undrawn Funds||None||None||None||None||None|
Our purchase hard money loan programs are exclusively designed for Real Estate Investors who want to buy, fix and sell or buy, fix and rent out their investment properties. We also provide low interest, long-term refinance options for Landlords.
We currently do not provide funding to Real Estate Investors who intend to live in the property they are purchasing. We are not able to provide loans for properties which will be used as personal, family or household residences.
We approve loans based on your ability to succeed with your real estate investment project. We look for 3 components in every loan we approve. We call it “BEE” approved by BridgeWell.
BEE stands for:
- Benefit: BridgeWell is committed to WIN-WIN business transactions. The first thing we look for is “benefit” to the Real Estate Investor. We only fund loans where we clearly see substantial benefit to the borrower.
- Equity: We want our Customers to have solid equity in their investment projects right from the beginning. One of the keys to successful real estate investing is making a great buy on a solid property.
- Exit: Successful investment projects typically require a workable exit strategy. This may be a prompt re-sale plan for a “buy-fix-sell” project or conventional refinance (or cash pay-out) plan for “buy & hold” projects. A well-planned, realistic exit strategy is a key component of all successful real estate investment projects.
Experience You Can Trust
BridgeWell Capital LLC is a direct, licensed mortgage lender that provides financial services to real estate investors all over the country, including financing for residential investor flips, financing for rental properties, and cash-out refinances to make it’s clients investing endeavors more profitable and efficient.
BridgeWell Capital works with real estate entrepreneurs, realtors, property management companies, brokers and wholesalers by providing a fast and convenient source of investing capital.
NMLS License: #347340