Sherman Bridge Lending has been financing real estate investors since 2009. Their rates and fees vary per project and borrower. They can lend up to 85% LTV and 70% ARV, and they can fund loans in 7-10 days. They have an A+ BBB rating and a mix of negative and positive reviews on Facebook and Yelp.
|Business Name||Sherman Bridge Lending|
|Business Address||4600 Fuller Dr., Suite 200B, Irving, TX 75038|
|Business Established Year||2009|
Sherman Bridge Lending Rates & Terms
|Types of Properties||Single family residences only (property needs to be detached and below market value)|
|Loan Amount||$50,000 - $1,000,000.|
|LTV||Up to 85% of the purchase price|
|ARV||Up to 70% ARV|
|Interest Rates||Varies per project and borrower|
|Lender Fees||Varies per project and borrower|
|Loan Terms||Up to 30 years|
|Minimum Qualifications||FICO credit score must be 600 or higher
Minimum of $30,000 in liquid assets
Must be experienced homebuyers
|Typical Time to Funding||7-10 days|
|Other Financing Available||Hard money loan
Rental property loan
*Exceptions may be granted. Lender information is updated often, however exact lender terms may have changed.
States Currently Lending In
Texas, Philadelphia, California, Florida, Georgia and New Jersey.