A Bridge Loan is a short-term mortgage used to acquire a property quickly. Generally, this financing is used until permanent financing is found, the home is resold, or it is rehabilitated/built and then resold.

Property investors that are acquiring investment properties are the most common customers of Crowder Financial. Anyone buying properties on market or in distress, adding value, and reselling is a potential customer for us.

Yes, we specialize in construction lending that includes Repair or New Build Cost(s). We will lend up to 90% of all costs on residential products, up to 85% of all costs on multi-family 5+ unit products and up to 75% of all costs on commercial products. We do offer ARV loan options on a case by case basis.

Our borrowers request a draw. Within 48 hours, one of our licensed contractors inspects the work completed. Within 24 hours after the inspection, the funds are released. There is a charge for each draw that is deducted from the draw amount. We don’t make any money on construction draws. The cost of the draws go directly to our contractors to ensure that the work is done properly and within code.

Depending on the loan, we collect different documents. Our systems may ask for documentation not applicable to you, in which case you do not need to provide us that information. However, in general, the more information you can provide, the more opportunities exist for us to uncover the right financing program for your situation. The most common documents are; Online Application, Purchase Contract and/or HUD statement, Photo ID, Scope of Work, 3 Months Bank Statements, Contractor Information & Appraisal or BPO Authorization Forms.

• Your experience in real estate investing. (how many deals have you done?)
• Total amount of money available to invest in your real estate projects.
• Your overall credit profile.
• Subject Property Information: acquisition amount, construction costs & estimated sale value

Leverage is determined by the borrower’s experience and comps on the subject property as is value and subject to completed value. We could potentially lend up to our maximum leverage if you have verifiable experience and your subject property is in a good market 

Crowder Financial provides lending in the United States of America including the District of Columbia. California, Alaska, Nevada, Arizona, North Dakota, South Dakota, and Utah are considered on a deal by deal basis considering the borrower and property risk profile and loan amounts requested.