Bridge Loan with at least 75% LTV

[Renny F.]

Hi I'm looking for lenders that will do a bridge loan on 2 properties that I have listed for sale, so that I can purchase the target property, in a 1031 exchange. I would like at least 75% LTV and a 20% down for the purchase of the target property. Do you have any referrals? thanks

[Connor Hibbs]

Hi @Renny F. I'm assuming that you're looking for a bridge to avoid any PPP here. If so then I could lend with a bridge at 70%, but if you're looking for a DSCR, with a better rate and longer term, then I could get you 75 or 80% depending on the Cash flow and your FICO.

Are you looking for quick cash to move through your 1031 or are you looking to hold these properties long term as rentals?