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Manhattan Beach properties move fast and command premium prices. Bridge loans let you act immediately on a new purchase without waiting for your current sale to close.
In this market, waiting 45-60 days for a traditional sale often means losing the property you want. A bridge loan gives you buying power now, not later.
Bridge Loans in Manhattan Beach
Most bridge lenders require 20-30% equity in your current property. Your credit matters less than your exit strategy—how you'll pay the loan back.
You need a clear timeline: active listing, accepted offer, or realistic market value. Lenders won't bridge to a property that won't sell.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Manhattan Beach.
Manhattan Beach properties move fast and command premium prices. Bridge loans let you act immediately on a new purchase without waiting for your current sale to close.
In this market, waiting 45-60 days for a traditional sale often means losing the property you want. A bridge loan gives you buying power now, not later.
Most bridge lenders require 20-30% equity in your current property. Your credit matters less than your exit strategy—how you'll pay the loan back.
Bridge loans come from private lenders and specialty finance companies, not traditional banks. Rates run 7-12%, and you'll pay points upfront.
Most Manhattan Beach deals involve $2-5M+ properties. Not every bridge lender handles that size, which is why broker access to multiple sources matters.
Bridge loans work for three situations: upgrading while your current home sells, buying before listing to avoid showings, or timing a relocation. They don't work for speculative purchases.
The real cost isn't just the rate—it's carrying two mortgages if your sale drags. I only recommend bridges when clients have realistic pricing and strong buyer demand for their current property.
Hard money loans fund faster but cost more—useful for foreclosure purchases, not standard moves. HELOC seems cheaper but takes weeks to set up and caps at 80-90% combined LTV.
A bridge loan sits between those options. Faster than a HELOC, more structured than hard money, designed specifically for the buy-before-sell scenario.
Manhattan Beach's tight inventory means good properties get multiple offers within days. A bridge loan removes your sale contingency, making your offer cleaner.
Coastal property values stay relatively stable here, which lenders like. Your current home in Manhattan Beach is strong collateral compared to fluctuating inland markets.
Most bridge lenders close in 30-45 days with clean title and appraisal. Some private lenders go faster at higher cost.
You'll need to extend the bridge loan at additional cost or find alternative financing. This is why realistic pricing matters upfront.
Yes, but lenders want to see an exit plan—BPO valuation and timeline to list. Rates may be higher without an active listing.
Not always. Many bridge lenders focus on equity and exit strategy over W-2s, making them viable for self-employed borrowers.
Bridge loans run 7-12% versus 6-8% conventional. You're paying for speed and flexibility, not long-term affordability.