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Algent provides real estate investors with competitive bridge loan terms to keep your projects moving forward. Whether you plan to sell the property or refinance into a longer-term loan, Algent will support your business with the service and timeliness every investor should expect.

Fix and flip projects move fast and so do we. With Algent, borrowers typically close on bridge loans within eight days.

Flexible Terms and Competitive Interest Rates

Algent offers a variety of advantages for bridge and fix and flip loan borrowers:

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Single Family property investors with 1-4 units

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Loan amounts up to $3 million 

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6 to 12-month terms 

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Fixed rate bridge loans: Interest-only

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Options for purchase, rate & term, and cash-out

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Close in as fast as 8 days

*Cash-out not available for fix and flip loans.

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Requirements for Bridge / Fix & Flip Loans

General Loan Requirements 

  • Minimum 660 FICO 
  • No 90-day late payments in the last 24 months 
  • No short sales, deed in lieu agreements, foreclosures, bankruptcy discharges or dismissals within the past 36 months  
  • Property cannot be owner-occupied 

Bridge Requirements 

  • Leasable state or rehab budget less than or equal to 5% of property value 
  • Max 80% As Is LTV  

Fix and Flip Requirements 

  • Rehab budget greater than 5% of property value 
  • Max 85% loan-to-cost (LTC) ratio, 75% loan-to-after-repair value (LTARV) 
  • Feasibility study required on heavy rehabs 

Specific terms depend on each borrower’s project, investment experience and other factors. Your terms may vary. 

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A Fix & Flip Lender You Can Count On

With Algent, you’ll find a reliable lending partner with a deep understanding of the current fix and flip market. Get in touch with one of our consultants today to discuss your loan options.