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||5000 Riverside Drive, Bldg. 5, Suite 100W, Irving, TX 75039|
|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.
Top Hard Money Lenders 2019
States Currently Lending In
Alabama, California, Colorado, Florida, Georgia, Kentucky, New Jersey, North Carolina, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, Virginia and Wisconsin.