Exit by sale
Fix and flip.
- Value after repair
- sold comps of the same product
- Less
- repairs, holding, selling costs
- Read first
- the scope, line by line
Pays it offthe sale
New-build value only for a new build; old houses against old houses.
Finance/Bridge loans
Fix and flip loans and bridge loans for California investors.
Short loans to buy before the long one: a house to renovate, a lot before the construction loan, a rental before the DSCR loan. We read the scope and the exit before you borrow.
When a bridge loan fits
Six deals that need a short loan first.
Business purpose, investment property, California.
- A house to fix and flipBuy it, renovate it, sell it.
- A lot before the build loanBuy the land, then a construction loan takes over.
- A rental before the DSCR loanBuy, fix, rent, then a DSCR loan takes over.
- An off-market dealA seller who wants to close soon. Deals for investors.
- Repairs paid in stagesRenovation money released as the work is done.
- Held in an LLCTitle in an entity is normal.
The exit
A bridge loan is only as good as the loan or sale that pays it off.
We price the exit before you borrow: the sale, or the rental loan that takes it out.
Exit by rental loan
Buy, fix, rent.
- The rent
- the lease, or the market rent
- The ratio
- rent over the full payment
- Read first
- the DSCR before you buy
Pays it offa DSCR loan
The DSCR loan takes out the bridge once it is rented.
What we read
Four things, before anyone spends anything.
- The purchase contractPrice, dates, and what the seller keeps.
- The scope, line by lineEvery repair counted against the plans. Design for value.
- The value after repairSold comps of the same product, never a new-build price for an old house.
- The exitThe sale or the rental loan, with its numbers.
The boundary
Said before you ask.
You get the answer in a day.
- Investment propertyHeld for sale or for income. Business purpose.
- CaliforniaOne to ten units, residential, or a lot to build on.
- Title in an LLCOr in your own name.
- A scope we can readPlans, a budget or a contractor’s list.
- Not a home you live inConsumer credit and a different licence. Second homes too.
- Not for usProperty outside California, or anything needing a bank.
Questions
What investors ask about bridge loans.
What is a bridge loan for investors?
A short loan to buy or renovate investment property until a sale or a long-term loan pays it off.
What is the difference between a bridge loan and a fix and flip loan?
A fix and flip loan is a bridge loan whose exit is a sale. Others end in a construction loan or a rental loan.
Do you work on a home I live in?
No. That is consumer credit and a different licence. We refer it out.
What do you need to look at a deal?
The address, the purchase price, the repair scope or plans, and how you plan to exit.
General information, not legal or tax advice.
Send one deal.
You get the scope read, the exit and the answer. No application, no credit pull, no fee.
Wexmoor Circle LLC · NMLS #2841970 · Equal Housing Opportunity. Business-purpose loans on investment property in California. Information only, not a commitment to lend.
