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Point Arena is a small coastal town in Mendocino County. Inventory is thin and good properties move quickly.
Waiting to sell before you buy is risky here. A bridge loan lets you act before someone else does.
6–12 Months
Typical Loan Term
75–80%
Max LTV (Typical)
Equity-Driven
Credit Flexibility
Non-QM
Loan Classification
See Lender Terms
Rates Vary By Profile
Bridge Loans in Point Arena
Bridge loans are non-QM products. Lenders look at equity, not just income or credit score.
You typically need strong equity in your current home. Most lenders want at least 20% after the bridge is funded.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Point Arena.
Point Arena is a small coastal town in Mendocino County. Inventory is thin and good properties move quickly.
Waiting to sell before you buy is risky here. A bridge loan lets you act before someone else does.
Bridge loans are non-QM products. Lenders look at equity, not just income or credit score.
Most banks won't touch bridge loans. This is a specialty product that lives in the non-QM and private lending space.
SRK CAPITAL works with 200+ wholesale lenders. We find the ones who actually do bridge loans in rural coastal markets like Point Arena.
The biggest mistake I see: borrowers underestimate how fast they need to close. Bridge loans can fund in days, not weeks.
Your exit strategy is what lenders scrutinize. If your current home is hard to sell, expect pushback — or higher rates.
Hard money loans are the closest alternative. They're often slower to structure and carry higher fees.
Interest-only loans can reduce monthly payments during a transition. But they don't solve the timing problem the way a bridge loan does.
Point Arena is rural Mendocino Coast. Some lenders won't lend there at all — location risk is real.
Coastal properties here can take longer to sell. Build that into your exit timeline before you commit to a bridge loan.
Most bridge loans run 6 to 12 months. Some lenders offer extensions if your current home hasn't sold.
Possibly. Bridge lenders focus more on equity than credit score. A strong LTV position can offset a lower score.
You risk defaulting on the bridge if you can't repay it. Have a backup plan — a price reduction strategy or refinance option.
Yes, but lender options narrow significantly. Not every non-QM lender will underwrite rural coastal California.
Typically from proceeds when your existing property sells. Some lenders also allow a refinance as the exit.
Most lenders require appraisals on both the departing property and the new one. Budget time and cost for both.