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Hunt Mortgage Group

Bridge Financing

At Hunt Mortgage Group we offer Bridge financing. Bridge loans are used for the purpose of “bridging” a gap between the time when a company’s loan ends and before more funding is needed. A bridge loan can also be referred to as a “caveat loan” or “swing loan”. Homeowners looking for a temporary solution between selling and buying a new home often use bridge loans. The bridge loan is secured to the buyer’s existing home. The funds from the bridge loan are then used as a down payment for the move-up home.

A bridge financing is used for a short-term loan. The time period is approximately 2 weeks to 3 years until companies can find a long-term option. Bridge financing can also be used for multi-family or commercial properties. Borrowers usually seek bridge financing when the borrower requires funding to complete the sale of their current property as well as prepare it to meet the required standards of a long-term loan. Often homeowners seek a bridge loan to avoid a contingent offer and make a move-up offer more appealing to a seller. In order to receive a bridge financing borrowers need to have a form of collateral such as a place of residence or inventory from a business.

Hunt Mortgage Group Offers Bridge Financing

Our financial experts can determine a bridge loan amount by assessing the purchase price of your new property, then subtracting the value of the mortgage and the initial deposit. The leftover amount is the sum that will then need to be financed until a sale is complete. Bridge loans rates are also determined by the borrowers credit factors.

As an industry leader backed by 40 years of experience including bridge financing, Hunt Mortgage Group can best advise each client’s financial needs. In order to best serve our clients Hunt has offices across the nation in cities including Austin, TX, Denver, CO, Charleston, SC, Tampa, FL, Chicago, IL, Irvine, CA among more. For more information regarding bridge financing, contact Hunt Mortgage Group today!

Products
  • Fannie Mae ProductsAs a Fannie Mae DUS™ lender, we offer fixed or floating rate financing for acquisition, refinancing and moderate rehabilitation. Terms range from 5 years to 30 years and may be fully amortizing, or contain partial or full interest-only options. Through these programs we offer first mortgage financing and subsequent supplemental (subordinate) financing and/or substitution of single assets.
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    Permanent Financing Solutions

    Eligible Property Types

    Fannie Mae Multiple Asset Transactions/Negotiated Pools

    • Credit facility
    • Bulk Delivery/MATS
    • Negotiated Pools

    Rate-options & Features*

    • Fixed Rate Mortgage Loans
    • Structured Adjustable Rate Mortgage loans
    • Streamline Rate lock and Early Rate Lock

    * The rate options and features listed above are available for the majority of Fannie Mae’s permanent financing executions, eligible property types, and multiple asset transactions.  Please contact your local regional office for further details.

  • Freddie Mac ProductsAs a Freddie Mac Program Plus™ seller/servicer, Hunt Mortgage Group offers financing for fixed and adjustable rate conventional and affordable mortgage products. We provide financing for the acquisition or refinancing of stabilized properties, and also offer specialized programs for recently completed properties in lease-up and value-add acquisitions needing shorter term financing. Terms typically range from 5 years to 30 years and may be fully amortizing or contain partial or full (interest-only) options. Through this program we offer first mortgage financing and subsequent supplemental (subordinate) financing.
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    Freddie Mac Mortgage Program Offerings

    Eligible Property Types

    Structured Financing Solutions

    • Revolving Credit facility
    • Single Sponsor CME Execution

    Rate-options & Features*

    *The rate options and features listed above are available for the majority of Freddie Mac Mortgage Program offerings, Eligible Property Types, and Structured Financing Solutions. Please contact your local regional office further details.

  • Federal Housing Administration (FHA) ProductsMultifamily Accelerated Processing (MAP) is a national fast-track processing system for the FHA multifamily mortgage insurance programs. As an approved FHA MAP lender, Hunt Mortgage Group is responsible for preparation of most documents required for an application for mortgage insurance and for making a recommendation to the HUD field offices based upon Hunt Mortgage Group’s processing and underwriting.↓ See All Products & Details

    Federal Housing Administration (FHA) Mortgage Insurance Origination

    • Loan Types: New Construction, Substantial Rehabilitation, Refinance, and Acquisition
    • Term: Up to 40 years
    • Interest Rates: Fixed rate
    • Spread: Market
    • Amortization: Up to 40 years
    • Prepayment: Fixed step-down prepayment structure
    • Pledge: First mortgage
    • Fees: Market
    • Recourse: Non-recourse except for customary environmental, malfeasance and fraud carve-outs.
    • Reserves: Taxes and insurance; replacement reserves.
    • Loan Costs: Borrower is responsible for all legal and third-party fees.
  • Proprietary Lending ProductsHunt Mortgage Group provides propriety fixed and floating financing for multifamily and commercial properties. Our bridge lending program is designed for those seeking interim financing for rehabilitation, preparation for and/or transition to attractive permanent term financing. We structure bridge loans to meet permanent financing criteria within 12-60 months of closing. With our proprietary program, we alone make the credit decision and fund the loans.
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    Hunt Mortgage Group Proprietary Lending

Learn more about financing from Hunt Mortgage Group