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Announcing 6.75% Bridge Loans For Non-Judicial States

Last updated: May 4, 2022

A bridge loan is a short term interest-only loan used by experienced real estate investors to buy and rehab properties. Bridge loans are otherwise known in the industry as "fix and flip" or "hard money" loans and are used by fix and flip and rental investors.

Bridge Loan Index

Normally bridge loans are offered by private lenders at 8.5% - 12% and 3 to 4 origination points (% of loan amount). Our Bridge Loan Index tracks the prevailing interest rate for bridge loans in the United States.

At OfferMarket, we offer what we observe to be the most competitive terms for bridge loans: currently 7.95% and 1 to 2 origination points across all states that we lend in.

6.75% Bridge Loans In Non-Judicial States

Today, we are excited to announce that for single family (1-4 units) and multifamily (5+ units) properties in non-juducial states, our terms are even more competitive. Now as low as 6.75% and 1 to 2 origination points to be specific.

Setting clear and appropriate expectations is arguably the most important thing in business. So please note that the current interest rate environment is volatile and rate floors are subject to change based on fluctuations in interest rate benchmarks (i.e. the 2 Year and 5 Year Treasury) and securitization market pricing which is set by fixed income investors.

Non-Judicial States Where OfferMarket Lends

  • Alabama
  • Arkansas
  • Colorado
  • Georgia
  • Idaho
  • Massachusetts
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • New Hampshire
  • North Carolina
  • Oklahoma
  • Oregon
  • Rhode Island
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington
  • West Virginia
  • Wyoming

What is a Non-Judicial State?

A non-judicial state is a state where a foreclosure does not need to be heard by, ordered by or otherwise involve a judge. A nonjudicial foreclosure proceeds much more quickly outside of the court system according to a state's specified protocol. The protocol typically involves a notice of default and a notice of sale.

Rural Designation

Before you get your hopes up that OfferMarket can fund your next fix and flip or fix and rent, check to see if your deal is considered rural. At this time, we do not provide loans for properties with a rural designation.

Get a Bridge Loan Quote and Pre-Approval

Run your deals through our online quoting system to receive your loan terms and pre-approval.

Rates are subject to change based on interest rate market conditions and underwriting guidelines. This is not an offer or guarantee of funding.