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Bridge Loans in Commerce
Commerce sits in the industrial heart of Los Angeles County where properties move fast. Bridge loans let you buy before selling when timing matters.
Most Commerce buyers use bridge loans for investment properties or business relocations. Waiting to sell first means losing deals in this competitive market.
Lenders approve based on combined property value, not income. You need equity in your current property and a clear exit strategy.
Expect 25-35% down on the new purchase. Your existing property serves as additional collateral, so total loan-to-value across both properties matters more than credit score.
Only specialized non-QM lenders offer bridge loans. Your bank won't do these—they lack the risk appetite and underwriting speed.
Our network includes 15+ bridge lenders with different appetites. Some prefer residential, others focus on commercial or mixed-use like you find in Commerce.
Bridge loans cost more but save deals. I've seen Commerce buyers pay $15K in extra interest to secure properties they flipped for $200K profit.
The key is realistic exit timing. If your current property needs work before listing, add two months to your estimate. Lenders hate extension requests.
Hard money loans close faster but cost 12-15%. Bridge loans take an extra week for 8-12% rates—worth it if you can wait.
Construction loans work for ground-up projects but require 18+ month terms. Bridge loans max out at 12 months and suit quick transitions better.
Commerce properties mix residential, commercial, and industrial uses. Bridge lenders price these differently—industrial carries higher rates due to longer sale timelines.
Proximity to I-5 and I-710 affects property liquidity. Lenders view well-located Commerce properties as lower risk, which translates to better loan terms.
Most bridge loans close in 10-14 days. Cash-out scenarios or complex properties may add a week.
Most lenders offer 6-month extensions for 1-2 points. Plan this cost into your budget from day one.
Yes, investors use bridge loans frequently. Rates run slightly higher than owner-occupied scenarios.
Yes, but bridge loans are interest-only. This keeps monthly costs manageable while carrying two properties.
Lenders can foreclose on either property. Only use bridge loans with solid exit plans and financial cushion.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.