Question 1

How much can I borrow with an Atherton bridge loan?

Accepted Answer

Most lenders offer $1M-$20M based on 75% combined LTV across both properties. Your existing equity and new purchase down payment determine the final amount. Rates vary by borrower profile and market conditions.

Question 2

Do I make payments on both mortgages during the bridge period?

Accepted Answer

Yes, you pay interest on the bridge loan plus any existing mortgage on your current home. Some programs defer bridge payments until sale or roll interest into the loan balance to reduce monthly outflow.

Question 3

What happens if my Atherton home doesn't sell before the bridge loan matures?

Accepted Answer

Most lenders offer 6-12 month extensions at 0.5%-1% fee per month plus higher interest rates. If you can't extend or pay off the loan, the lender can foreclose on both properties securing the debt.

Question 4

Can I get a bridge loan without income verification?

Accepted Answer

Yes, most bridge lenders focus on asset position rather than income. They underwrite based on equity, exit strategy, and property values. Bank statements showing reserves help but W-2s aren't typically required.

Question 5

How fast can a bridge loan close in Atherton?

Accepted Answer

Figure 10-15 days with complete documentation and cooperative appraisers. Luxury properties sometimes take 21 days due to appraisal complexity. Hard money alternatives close in 7 days if speed matters most.

Bridge Loans in Atherton: Short-Term Financing for High-Value Property Transitions