​

A Bridge Loan from Persevere Lending could be the perfect solution. Bridge Loans allow the borrower to utilize the equity in their home before it sells, so that they can have the power and confidence to seek their dream home and not have to sell their current home in a rush.

​

• Interest only loans up to $15,000,000

• Single family residences

• LTV / Combined LTV up to 75%

• 11 month term

• Close in as little as 5 business days

• HUD counseling required (if property

  purchased will be primary residence).

Loan amounts are determined by analyzing the current valuation and equity in the property, the scope of work and budget, and the after-repair value (ARV). For purchase and rehab/construction projects, we can finance up to 75% of the acquisition price, and 100% of the construction costs. For refinance, purchase and rehab/construction projects, we will focus on ARV and can finance up to 75%.

​

Our streamlined underwriting process allows investors to capitalize on lucrative opportunities that otherwise would not available to them through conventional financing sources.
• Loan amounts $50,000 to $5,000,000

• Rates and fees starting at 9.5% and 1.5 points • 12-18 month terms
• Loan to cost (LTC) threshold is 80%

​

Repeat borrowers with a verified track record may receive preferred pricing. Strategic 2nd position loans and LOCs available.

• $50,000 to $2,500,000
• Min. Draw: 5% of total credit line
• Max. Draw: 20% of total credit line
• Min. Draws per month: 1
• Max. Draws per month: 4
• Business days for draws to be processed: 5

• Draw Fee: $500

​

Line replenishment is only accepted and credited on the last of the month. Interest is charged on only total amount disbursed as of the 1st of every month.

Loan amounts from $1,000,000 to $15,000,000 (higher or lower amounts approved on a case-by-case basis).

​

Collateral must be located in established suburban and metropolitan locations.

Expedited Closings! Target is 5 to 10 business days. With a complete file, 3 days is possible!