Bridge Capital Resources

About Bridge Capital Resources

Bridge Capital Resources is hard money lender headquartered in Greenwood Village, CO. They offer funding in Colorado. They provide lending solutions for a variety of scenarios, including bridge loans, rental property loans, and fix-and-flip loans. Their lending guidelines are flexible, including terms up to 1 year and loans with a maximum LTV of 75%. They primarily provide funding for single family homes and multi family.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family

Areas Served: CO

Lending Guidelines for Bridge Capital Resources

Below are the general loan guidelines published on the Bridge Capital Resources website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Bridge Capital Resources.

Loan Example 1

Nathaniel closes on a $200,000 rehab project in Denver, CO, using a fix and flip loan from Bridge Capital Resources. The borrower will have to fund 45% of the purchase price in cash to closing based on a 55% loan to value stipulated by the lender. This makes the loan principle from Bridge Capital Resources $110,000. The parameters of the loan also include a four point origination fee that will be paid at closing and a 6 month, interest-only note with a 8% rate of interest.

Accordingly, Nathaniel will have to make a $90,000 down payment plus pay a $4,400 origination fee. The lender will collect $733 in monthly interest from the borrower. This is computed by taking the total loan amount of $110,000, multiplying that by the 8% rate of interest, and then dividing that number by 12. If Nathaniel sells the house for $260,000 after 6 months, he would then realize a gross profit of $51,200 after subtracting the original principle of $110,000, the cash contributed at closing of $90,000, the origination points of $4,400, and the aggregate interest payments of $4,400. This profit does not account for rehab costs.

Loan Example 2

Richard takes out a loan from Bridge Capital Resources in order to rehab a house to resell in Denver, CO. The loan has the following terms:

a) A $370,000 purchase price, b) a 55% loan to value (LTV), c) a 18 month term, d) a 11% interest rate, and e) a 2% origination fee.

Richard plans to sell the project when the note expires for $481,000. If he achieves this goal, the outcome would be as follows:

$481,000 sales price
- $203,500 note principle (55% LTV)
- $166,500 cash paid at closing (45% on 55% LTV)
- $4,070 origination points (2% of the $203,500 principle amount)
- $33,578 total interest paid (18 months x 11% interest)
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= $73,353 total profit (doesn't include taxes or rehab costs)

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