We offer loans.

Bridge loans help you avoid making a contingent offer on the home you want to buy.

Bridge loans are temporary loans, secured by your existing home, that bridge the gap between the sales price of a new home and the homebuyer’s new mortgage in the event the buyer’s existing home hasn’t yet sold before closing. In other words, you’re effectively borrowing your down payment on the new home.
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Bridge Loan

Loan Parameters:

Purpose:

Investment property loan that is ideal for temporarily holding assets (purchase or refi)

Minimum Experience

0 experience needed. Experience is defined as a 36-month lookback period (includes flips, builds, and rentals)

Individual Loan Size

$50K – $3MM2

Exposure Limit Amount

$500K – $10MM*

Multi-Family Max Leverage

Purchase or Refinance/Cash-Out: Up to 70% LTV | 75% LTC

No Rehab Holdback

Cosmetic only. Self-funded rehab allowed up to 25% of cost basis. No rehab holdback. Soft costs (GC fees, contingency fees) do not apply.

Eligible Borrower Types

Individuals and Entities (LLC, Corporation). Foreign Nationals eligible.

Eligible Properties

Non-owner occupied: attached or detached SFR, 2-4 units, PUD, Condo, Multi-family, Mixed-Use

Loan Term

12 months standard, interest-only payments with fixed rate. 18-month option available

Minimum Interest

90 days interest on the full loan balance

Valuation Requirements

No-fee alternative valuation option for eligible properties3; otherwise full narrative appraisal with “as-is” values required. No rural properties.

Credit Scores

and LTV:

Min Credit Score: 620 FICO

Max Leverage (LTV / LTC)

  • Purchases: Up to 80% LTV | 80% LTC.
  • Refinance/Cash-Out: Up to 75% LTV | 75% LTC
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Bryan E.

Bryan E.

Came to the Contrasto team to prequalify for a new house loan. We had worked with Contrasto when getting our current home.They took time to explain what we needed, ad were very helpful in suggesting where we could get additional help. They are great partners. The Contrasto team was very professional, courteous and provided excellent service to me when I was buying a new home.
Santiago T.

Santiago T.

“My wife and I have used Patti's services on two different occasions when we purchased homes. She always provided excellent service, is very knowledgeable, very professional, and very friendly. We highly recommend her.”
Heltor H.

Heltor H.

"Outstanding service!!! Patti and Team are amazing!! They will work hard to get you the best possible deal and ensure the entire process is completed in a timely manner. All the while explaining you the entire loan cycle step-by-step, so you never feel out of place. If you have any doubts about whom you should be working with, contact Patti and Team. You won't regret it!!"