Real estate is full of opportunities for savvy investors, which is why the industry is so competitive. Those who can’t get funding quickly often lose deals to investors who can.
Short-term bridge loans from Dominion Financial Services may be the answer. They provide fast funding so investors can move on properties they like sooner. Even better, you can get up to 100% of acquisition and rehab costs covered by a bridge loan so you can buy, rehab, and flip a property without tying your capital up.
Why Use a Short-Term Bridge Loan?
There are several good reasons to use a short-term bridge loan. First, they allow investors to purchase properties with minimal out-of-pocket expenses, providing financial flexibility to quickly seize great deals in competitive markets. In contrast, lower-leverage loans require investors to contribute their own funds, leading to missed opportunities and inefficiencies that competitors might avoid. To align your financing with your business goals, consider Dominion Financial, which offers 100% acquisition and rehab loans.
Short-term bridge loans are also highly flexible, allowing real estate investors to tailor lending agreements with repayment terms and timelines to meet their specific needs. Options range from interest-only payments initially to multi-year bridge loans.
Finally, investors can qualify for up to a 100% acquisition and rehab bridge loan, covering all upfront costs. This eliminates the need to quickly sell another property or accept unfavorable terms to close a deal.
Benefits of 100% Acquisition and 100% Rehab Bridge Loans
Investors seeking a bridge loan need to decide what percentage of their total purchase price to borrow. Opting for a 100% acquisition loan can be a smart move, even if not strictly necessary.
First, these loans provide full financing for real estate purchases, enabling investors to pursue properties without the need for liquid capital. This allows for property rehab and flipping without using personal cash or rushing to find a long-term loan.
Full rehab and bridge loans also mitigate risk by preventing investors from stretching their finances too thin. Without a bridge loan, an investor might overextend their budget while chasing time-sensitive opportunities, leading to potential default when unexpected costs arise, as they often do in real estate.
Finally, 100% short-term bridge loans allow investors to increase project volume, enabling them to buy more properties sooner and potentially achieve greater profits in shorter time frames.
Choosing the Right Lender
The lender a real estate investor chooses can significantly impact their financial well-being. You need a lender who understands the markets as well as you do.
Dominion Financial Services could be the ideal partner for your next bridge loan. As experts in real estate investment loans, we offer up to 100% acquisition and rehab funding. With no appraisal required and no upfront points option, we can tailor terms to help you succeed with your next big deal.
Don’t just take our word for it. Contact our team to learn more about how we can support your specific situation.
