What is a bridge loan?

A bridge loan is a short-term loan (typically 6-24 months) that bridges the gap between buying a new property and selling an existing one, or between short-term financing and permanent financing.

How fast can I get a bridge loan in Columbus?

Most bridge loans close in 5-7 business days. In urgent situations, we can sometimes close in 3-4 days with complete documentation.

What is the difference between a bridge loan and a hard money loan?

Bridge loans are typically for properties in good condition that don't need major renovation. Hard money or fix-and-flip loans are for distressed properties that need rehab work. Bridge loans generally have lower rates than hard money loans.

Ian Eichelberger · NMLS #368612 · Columbus, OH · Non-QM Mortgage Specialist(380) 221-8401

Columbus Ohio real estate bridge financing

Columbus Market: 24-Day Median Days to Pending

Bridge Loans in Columbus, Ohio

Short-term financing to close fast, buy before you sell, or bridge to permanent financing. Close in 5-7 business days. Residential and commercial.

Get a Bridge Loan Quote Call (380) 221-8401

5-7 days

Typical Close Time

6-24 mo.

Loan Terms

$100K–$10M

Loan Amounts

No prepay

Penalty on Most Programs

Who Uses Bridge Loans

Four Situations Where a Bridge Loan Wins

Buy Before You Sell

Homebuyers

Found your dream home in Upper Arlington or Worthington but haven't sold your current home yet? A bridge loan lets you close on the new property now, then pay it off when your existing home sells.

Close Fast on an Investment Deal

Investors

Columbus' market moves in 24 days. When a great deal comes up, you need to close fast. Bridge loans close in 5-7 days — faster than any conventional lender.

Bridge to Permanent Financing

Investors

Bought a property that needs minor work before it qualifies for conventional financing? Use a bridge loan to close now, complete the work, then refinance into a long-term DSCR or conventional loan.

Commercial Value-Add Deals

Commercial

Acquiring a commercial property that needs stabilization before it qualifies for permanent financing? Bridge loans are the standard tool for value-add commercial real estate in Columbus.

Program Details

Bridge Loan Parameters

Loan Amounts	$100,000 – $10,000,000
Loan Term	6, 12, or 24 months
Interest Rate	Starting from 8.99%
Max LTV	Up to 80% (residential), 70% (commercial)
Min. Credit Score	620+
Property Types	SFR, 2-4 unit, multifamily, commercial, mixed-use
Occupancy	Investment, primary, secondary
Entity Types	Individual, LLC, Corp, Trust
Prepayment Penalty	None on most programs
Close Time	5-7 business days
Income Verification	Not required on most programs
Appraisal	Required (desktop or full)