Question 1

What loan amount qualifies as a bridge loan in Woodside?

Accepted Answer

Bridge loans in Woodside typically run $1M-$5M. Lenders evaluate combined value of both properties, not just the purchase price.

Question 2

How quickly can I close on a Woodside bridge loan?

Accepted Answer

You can close in 10-14 days with complete financials. Appraisals on unique Woodside properties may extend timelines to 3-4 weeks total.

Question 3

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

Accepted Answer

Yes, you carry both mortgages until your original home sells. Lenders require reserves proving you can handle 6+ months of dual payments.

Question 4

Can I use bridge financing if my current home isn't listed yet?

Accepted Answer

Most lenders require an active listing or signed purchase agreement on your existing property. Some portfolio lenders offer more flexibility for strong borrowers.

Question 5

What happens if my old home doesn't sell within the bridge term?

Accepted Answer

You can extend the term for a fee, refinance the bridge loan, or pay it off from other assets. Have a backup plan before closing.

Bridge Loans in Woodside: Fast Financing for High-Value Property Transitions