One of the biggest challenges that real estate investors face is finding the right financing. Traditional banks can be slow and inflexible, and they often have strict requirements that can be difficult to meet.
If you have non-traditional income or credit, or if you need to close on a property quickly, you may find that it's difficult to get the financing you need from a traditional bank.
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A bridge loan is a short-term loan that is used to gap the time between two financing transactions. For example, a real estate investor might use a bridge loan to purchase a property while they wait for their permanent financing to be approved.
To qualify for a bridge loan from ReRx, you must have a credit score of at least 620 and a debt-to-income ratio of no more than 45%. You must also have a down payment of at least 20%.
We can approve you for a bridge loan in as little as 24 hours.
ReRx 's bridge loan programs offer a number of benefits, including: Competitive interest rates Flexible underwriting guidelines Fast closing times
es, ReRx's bridge loan programs are designed to be versatile and can be used for various types of real estate investments, including residential, commercial, and multifamily properties.