Income-based lending for residential rental properties.
● Clear terms aligned with property income and performance.Rates starting at 8.25%Stabilized Bridge Financing
Stabilized Bridge Financing offers short-term loan solutions for income-producing residential properties that are leased or nearing stabilization but not yet positioned for permanent financing. This program is structured to support investors seeking transitional flexibility, providing clear terms and efficient execution while maintaining a focus on property performance and near-term exit strategies.
No DSCR
Loan-to-Cost (LTC)
Financing available up to 85% of the purchase price plus verified completed capital expenditures for properties owned fewer than six months.
Loan-to-Value (LTV)
Maximum leverage of up to 70% loan-to-value.
Debt Service Coverage Ratio (DSCR)
Not applicable.
Credit Requirements
Minimum borrower FICO score of 660.
Eligible Loan Uses
Bridge financing for properties that have been recently renovated or constructed and are currently listed or preparing to be listed for sale.
Loan Amount
Loan amounts range from $50,000 to $3,000,000.
Loan Term
Standard loan term of 12 months.
Eligible Property Types
Qualifying properties include single-family residences, two-to-four-unit properties, townhomes, planned unit developments (PUDs), and warrantable condominiums.
Property Condition Requirements
Properties must be in C2 condition or better.
Collateral Requirements
Property value must fall within the 90th percentile of the local market. Rural, exotic, or unique properties are not eligible.
DSCR Exit
Loan-to-Cost (LTC)
Financing available up to 85% of the purchase price plus verified completed capital expenditures for properties owned fewer than six months.
Loan-to-Value (LTV)
Maximum leverage of up to 70% loan-to-value.
Debt Service Coverage Ratio (DSCR)
Minimum exit DSCR of 1.10x, calculated using the lesser of in-place rent or market rent.
Credit Requirements
Minimum borrower FICO score of 660.
Eligible Loan Uses
Bridge financing for properties that are currently rented or preparing to be rented but are not yet eligible for permanent financing.
Loan Amount
Loan amounts range from $50,000 to $3,000,000.
Loan Term
Standard loan term of 12 months.
Eligible Property Types
Qualifying properties include single-family residences, two-to-four-unit properties, townhomes, planned unit developments (PUDs), and warrantable condominiums.
Property Condition Requirements
Properties must be in C4 condition or better with no deferred maintenance.
Collateral Requirements
Rural, exotic, and unique property types are not eligible.
The Blackgrid Process
Submit Your DealShare your project details and supporting information for a thorough, experience-driven review focused on structure, risk, and execution.
01
Receive a Clear DecisionWe provide a definitive approval decision with clearly defined terms and next steps, typically within days, so you can move forward confidently.
02
Close and ExecuteFinalize documentation, coordinate closing, and receive funding through a streamlined process aligned with your project timeline.
