Private construction & bridge loans
What does your project need?
Start with your financing goal. Mike will review your property, equity, and timeline.
Questions about your project? Talk with Mike.
(949) 828-5359 · Michael Kanter, NMLS 1081117
A few things to know about construction & bridge loans
What loan amounts are available?
Loan amounts range from $250,000 to $7 million. The amount available for your scenario depends on the loan program, collateral, and underwriting, including the 60% combined loan-to-value maximum.
Can you help if construction is already underway?
Yes. I can review incomplete construction, renovation funding gaps, and new construction requests with suitable lenders. They’ll evaluate the property’s condition, existing liens, remaining work, budget, and repayment plan. Availability and approval depend on the program and your scenario.
Can I keep my current first mortgage?
A second mortgage or eligible credit line may allow your first mortgage to stay in place. The remaining first mortgage, other liens, and new financing must fit within the program’s 60% combined loan-to-value limit. Lien position, existing loan restrictions, occupancy, and loan purpose also matter.
Does 60% CLTV mean I can borrow 60% on top of my mortgage?
No. It means the total debt secured by the property after closing is capped at 60% of the lender-accepted value. Debt that will remain in place reduces the amount available for a new loan. Costs, reserves, and holdbacks may further reduce the cash you receive.
Can the loan really fund in 7 days?
Funding may be possible in approximately 7 days on eligible, ready-to-close loans. I’ll review your deadline and suitable lender options with you. Timing depends on the lender, loan type, valuation, title, final approval, and required waiting periods. Construction complications and consumer-purpose requirements can extend the timeline.
What rates, fees, and loan terms should I expect?
Pricing and terms are quoted after reviewing your scenario. Costs may include lender origination, broker compensation, valuation, title, escrow, recording, and construction draw or inspection fees, depending on the loan. Private loans generally cost more than traditional mortgages and may have short terms, interest-only payments, and a balloon balance due at maturity. We’ll review the actual proposal, fees, and repayment plan with you before you decide.
Do I need to qualify using tax returns?
Private lending allows an individual review, but it does not mean every loan is approved without income or credit documentation. Requirements depend on the property, occupancy, purpose, and loan structure. You do not need to upload tax returns or authorize a credit pull to send this initial inquiry.
What property locations and occupancy types are eligible?
Share the property address and whether it is your home, an investment, or commercial property. Availability depends on current lender programs and applicable licensing. Owner-occupied and consumer-purpose loans require separate review; not every advertised structure is available for every property or purpose.