If you’re an investor diving into real estate deals, you’ve likely heard about the bridge loan closing process. But how does it come about? What makes it fast or slow? The most important thing is, what do you anticipate in doing business with a direct personal loan lender such as Loan Locker?
So, here is the breakdown.
What Is a Bridge Loan Closing Process?
A bridge loan closing process is the sequence of steps from loan application to funding. Bridge financing is short term financing to allow short term liquidity to buy a property and sell or put on a long term mortgage. These mortgage loans are particularly trendy with fix-and-flip investors as well as RV park, mobile home park, or multifamily property buyers.
Private lenders such as Loan Locker can lend rapidly typically within 5 to 10 working days, unlike conventional bank loans. Such a speed is a game changer.
Why Do Investors Choose Loan Locker?
Because Loan Locker controls its own capital, we don’t wait on third-party approvals. That makes our bridge loan closing process faster and smoother than banks or institutional lenders.
Also, we’ve funded:
- Fix and flip projects
- Multifamily acquisitions
- RV parks and land development
- Mobile home parks
And more.
With years of experience in real estate investment and construction, our team knows what investors need: speed, transparency, and certainty.
How Long Does the Bridge Loan Closing Process Take?
At Loan Locker, we aim to close in as little as 5 to 7 business days. Of course, this depends on how quickly you provide the required documentation. But we’re ready to move fast when you are.
So, here’s how our bridge loan closing process typically flows:
- Loan Application: Firstly, submit your deal details through our online form.
- Initial Review: Secondly, we analyze the deal, ask key questions, and issue a Letter of Intent (LOI) within 24–48 hours.
- Underwriting: Thirdly, once you accept the LOI, our team reviews title, appraisals, insurance, and entity documents.
- Loan Docs & Closing: Moreover, we send out documents for signing and wire the funds to the title company for closing.
- Funding: Finally, you get funded. Project begins.
What Documents Will I Need for Bridge Loan Closing Process?
To keep our bridge loan closing process efficient, we only ask for what’s necessary. Typically, we’ll request:
- Purchase agreement
- Rehab budget (if applicable)
- Entity docs (LLC, EIN, etc.)
- Title & insurance contact
- Exit strategy
If it’s a value-add or ground-up project, we may ask for construction plans and experience overview.
Do I Need Good Credit?
Not necessarily. We’re an asset-based lender, which means we focus on the value and potential of the property—not just your credit score.
However, we do look at:
- Experience in real estate investing
- Your exit plan
- Property location and value
So, if the deal is strong, we’re ready to fund it.
What States Does Loan Locker Lend In?
We work in several states of the U.S., and we continue to grow. We have boots-on-the-ground experience in Florida and the Southeast and beyond. Simply submit your deal to us and we will be able to immediately tell you whether it qualifies.
What Makes Loan Locker’s Process Faster?
Great question. So, here’s why our bridge loan closing process is faster than most:
- Discretionary Capital: We don’t rely on investor pools or bank approvals.
- In-House Underwriting: No middlemen. Our team handles everything internally.
- Experienced Team: We know how to identify red flags early and solve issues quickly.
- Simplified Docs: No mountains of paperwork. We ask only for essentials.
- Real Estate Background: We’re part of The Requity Group, which gives us deep insight into what makes a deal work.
What If I Have a Complex Deal?
Bring it on. Whether it’s an RV park, land development, or a multifamily repositioning, we’ve likely seen it before. Complex deals require flexible lenders—and that’s where Loan Locker shines.
We don’t just approve or deny. We work with you to structure the loan to meet your goals. Every bridge loan closing process is unique, and we tailor our strategy to your deal.
Can I Communicate with a Real Person?
Absolutely. You will also be matched with a special loan officer who will take you through the process. We do not think that humans are equal to automatized systems.
You may inquire, clear up documents, and even receive an update in real time of your deal status. Because in a tight schedule the luxury of time is expensive.
What If I Need a Repeat Loan?
Even better. We love working with repeat borrowers. In fact, once we’ve closed your first deal, your next bridge loan closing process gets even faster.
We’ll already have:
- Your entity info
- Your preferred contacts
- A record of your investment style
All of that makes re-approvals easier and quicker.
How Much Can I Borrow?
That depends on the project, but Loan Locker typically lends:
- Up to 80% of purchase price
- Up to 100% of rehab costs
- Loan amounts ranging from $100K to $5M+
Each loan is customized, so we recommend submitting your deal to get a quick quote.
What’s the Next Step?
If you’re ready to move fast and close confidently, then it’s time to experience the Loan Locker difference. Our bridge loan closing process is designed for serious investors who can’t afford delays.
Final Thoughts: Bridge Loan Closing Process
The lender should be one who turns things around fast, real estate savvy, and one who can back up his promises when time is Money. Here, at Loan Locker we do just that. From the moment you reach out to the moment you fund, our bridge loan closing process is built to get your deal over the finish line, fast.
Thus, whether flipping your next house or even purchasing a new RV park, we will do it.
Ready to submit a deal? Let’s close your next deal together.