Case studies · Bridge
Akron bridge — 7-day close saved a $400K acquisition
Borrower was taking down a $400K stabilized property while their DSCR refi was still in underwriting at a bank. AVCG funded the bridge in 7 days so the deal wouldn't fall through. Paid off in month 9 at refi close.
Deal summary
At a glance
- Loan amount
- $260,000
- ARV
- $410,000
- LTV
- 63%
- Term
- 9 months (paid off at refi)
- Capital source
- Single investor, $1M+ tier
- Yield to investors
- 12% annualized, paid monthly
- Outcome
- Refi exit
Timeline
Deal timeline
- M1First call, term sheet within 48 hours
- M1Closed in 7 calendar days
- M6Bank DSCR refi through underwriting
- M9Refi funds, AVCG loan paid off in full
Lessons learned