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Westmorland sits in Imperial County — a rural market where deals move on their own timeline. Waiting for a sale to close before buying can cost you the next property.
Bridge loans solve that timing problem. You tap equity in your current property to fund the next purchase before your sale closes.
6–12 Months
Typical Loan Term
20–30%+ Typical
Equity Required
Non-QM
Loan Classification
Varies by Lender
Rate Type
Days to Weeks
Typical Close Time
Bridge Loans in Westmorland
Bridge loans are non-QM products. Lenders focus on your equity position and exit strategy — not your tax returns or debt-to-income ratio.
You generally need strong equity in your existing property. Most lenders want at least 20–30% equity before they'll fund a bridge loan.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Westmorland.
Westmorland sits in Imperial County — a rural market where deals move on their own timeline. Waiting for a sale to close before buying can cost you the next property.
Bridge loans solve that timing problem. You tap equity in your current property to fund the next purchase before your sale closes.
Bridge loans are non-QM products. Lenders focus on your equity position and exit strategy — not your tax returns or debt-to-income ratio.
Most banks won't touch bridge loans. This product lives in the private and wholesale lending space — which is exactly where we operate.
At SRK CAPITAL, we access 200+ wholesale lenders. That reach matters when you need a bridge loan in a smaller market like Westmorland.
The exit strategy is everything on a bridge loan. Lenders want to know exactly how you're paying them back — sale proceeds, a refi, or rental income.
Don't go into this without a realistic timeline. If your current property sits unsold past your bridge term, you're in a tough spot. Price it right from day one.
Hard money loans are the closest alternative. Both are asset-based and fast — but hard money typically carries higher rates and fees than a well-structured bridge loan.
Interest-only loans can reduce your monthly carry cost during the bridge period. Some bridge products are structured as interest-only to keep payments manageable.
Imperial County is agricultural and rural. Property values here don't behave like San Diego or LA — lenders price that risk into bridge terms.
Fewer comparable sales means appraisals can be tricky. Your equity cushion needs to be solid, because lenders will be conservative on valuation in Westmorland.
Most bridge loans run 6 to 12 months. Extensions exist but cost more — plan your sale timeline before you close.
No — that's the point. You apply while still owning your current property and use its equity to fund the new purchase.
Usually not the same way conventional lenders verify it. Equity and exit strategy carry more weight with private bridge lenders.
Yes, but lender options narrow in rural markets. Working with a broker who accesses private lenders is critical out here.
You'll need to refinance or extend the loan — both cost money. Price your existing property aggressively from the start.
Private bridge lenders can close in days to a few weeks. Speed is one of the main reasons borrowers choose this product.