Bridge Loans

Welcome to Hard Money Lenders Arizona, your trusted source for fast and reliable bridge loans in the state of Arizona. We understand that in today’s competitive real estate market, having access to fast funding is critical for success. That’s why we offer customized bridge loans designed to meet your unique needs.

Our team of experienced professionals has years of experience in the lending industry, and we specialize in providing bridge loans to Arizona residents. We pride ourselves on providing a quick and easy application process, and we strive to make the lending process as transparent and straightforward as possible.

Whether you’re a real estate investor looking for short-term financing to close a deal, a business owner seeking working capital, or a homeowner in need of funds for renovations or repairs, we can help. Our bridge loans are designed to bridge the gap between your immediate funding needs and your long-term financial goals.

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If you prefer to email us, fill out the form below and an associate will contact you to review the loan scenario and provide a quote.

What Exactly is a Bridge Loan?

To put it simply, the real estate bridge loan is a type of short-term financing that’s provided to borrowers to help them purchase property before their own property has sold. A bridge loan is a type of short-term loan for real estate transactions which usually require fast funding.

Property owners can use the bridge loan for borrowing against the current equity that’s in the property they currently own in order to finance their purchase of a new property. Once the new property is acquired, the former property is sold, which is how the bridge loan is repaid. A bridge loan is also a viable solution in the reverse order by receiving the loan against the new property that’s being purchased and then paying off the loan when the previous property has been sold.

In most cases, financing for bridge loans has a term that is under 12 months. Barret Financial Group is a direct Arizona bridge loan lender and can provide funding for hard money loans on any investment property within a few days. The owner-occupied bridge loans for residential property take a bit longer to fund.

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Different Types of Real Estate Bridge Loans

There are several types of estate bridge loans on various property types, including bridge loans for a real estate investor who is purchasing a new investment, as well as residential bridge loans designed for homeowners who are moving into a new property. Barrett Financial Group has the expertise and experience to offer all types of bridge loans for various purposes, including bridge loans for investment property, commercial bridge loans, bridge loans for a home purchase (owner-occupied bridge loans), business bridge loans, and bridge loans for the purchase of residential real estate.

A real estate bridge loan is actually known by several other names, with some of the most common including:

Residential Bridge Lenders and Loans

The residential bridge loan is a popular method for property owners (homeowners) and real estate investors to borrow against the current residential property they own in order to purchase a new piece of property. A residential bridge loan for a home purchase is also a viable option when done in the reverse order by securing the loan with the new property.

In some situations, the property owner may wish to purchase a new owner-occupied primary residence by they don’t have the needed liquid funds for the required down payment. If this is the case, the property owner could opt to sell their existing residence and use the sale’s proceeds as a down payment – or even an all-cash offer – but then they would be forced to find temporary housing until the purchase of the new primary residence is finished. This is really a logistical hassle, as the person is forced to move twice. All of this can be avoided by opting for bridge loan financing from Hard Money Lenders Arizona.

With the residential bridge loan, the owner of the property can extract equity from their current property to get enough for a full down payment or to provide a complete cash offer to purchase new property or a new home. After the new house is acquired the initial property is sold, which is what pays the residential bridge loan.

In most cases, the residential bridge loan lender isn’t concerned with how credit-worthy a borrower is. Instead, Hard Money Lenders Arizona focuses on the value of the property as well as the equity the borrower has in the property. This is due to the fact that a real estate bridge loan is actually secured by the equity of the borrower’s home, which allows the lender to not worry about credit issues or income verification when considering if they should approve the private bridge loan. This is extremely beneficial for a borrower with a low credit score or problems on their record, but who have adequate equity in the property they currently own.

A residential bridge loan lender can offer funding extremely quickly as the funds source is both flexible and fast private money, rather than what credit unions and banks can do.

Commercial Bridge Loans and Commercial Mortgage Bridge Loans

A commercial mortgage bridge loan is a type of short-term loan designed specifically for commercial real estate. This type of bridge loan can be given to commercial property owners who want to borrow against the real estate they currently own to fund down payments or to raise the funds for an all-cash purchase of some new, commercial property. In many cases, this option is sought if the owner of the real estate does not have sufficient liquidity, but they have plenty of equity to borrow against their property. After the new commercial property has been purchased, the borrower has the ability to sell their existing property to pay off the short-term loan that was provided. Most commercial bridge loans will have a lower LTV – loan to value ratio – than the residential bridge loan and the commercial lenders may have to acquire more information as well as documentation as commercial loans are much more complex than the residential loans.

Retirees and Seniors: Bridge Loans are an Option

The only type of bridge loan a senior or retiree may be able to acquire is a private bridge loan because they don’t have enough income to qualify for an owner-occupied home loan. A senior can receive a bridge loan and then borrow against the equity in their home to buy a new home without having to provide proof about their income. Furthermore, their debt to income ratio is a non-issue. When the other home is eventually sold, it will serve as repayment for the bridge loan received.

Some of the most frequently asked questions about bridge loans can be found here.

Frequently Asked Questions About Bridge Loans

What is a bridge loan?

Bridge loans are short-term loans that work to “bridge the gap” between other types of long-term financing. The bridge financing is secured by real estate, and they have higher interest rates than a conventional loan because of the increased risk associated with them. They are uniquely designed for borrowers and investors who are involved in some type of real estate transaction or project, such as purchasing foreclosures or short sales, making improvements on a piece of land, or hard money rehabs. Residential and commercial bridge loans are available to any property owner who wants to borrow against the equity that is in their currently owned property.

How do you get a bridge loan?

Financing for a bridge loan is pretty easy and straightforward compared to trying to obtain financing from conventional lenders such as credit unions or banks. All you have to do is to contact a bridge loan lender, such as Hard Money Lenders Arizona, and the fill out the application. The lender will information about the borrower, along with the property in question. They will also have to analyze this information while confirming the property’s value. The lender will then consider the amount they can lend and come up with the loan terms. The loan should be funded within as little as a week.

How does a bridge loan work?

With a bridge loan, the property owner borrows against the real estate they currently own and pull the equity out with a bridge loan. When the loan is funded, the borrower can purchase new property. After the property has been secured, the initial property is sold, allowing the bridge loan to be paid in full.

When should you use a bridge loan?

Bridge financing is needed when borrowers need capital quickly and for a short period of time – 12 months or fewer. The borrower also has to have some type of property to use as collateral to borrow against and to have enough of a down payment to use for the purchase if they are buying new property with the proceeds coming from the financing of the bridge loan.

How long does it take to receive the bridge loan?

In most cases, it can take one to three weeks to have the bridge loan funded. The amount of time this takes varies based on the specific variety of loan needed. The consumer purpose residential bridge loan, which is the one secured by the borrower’s existing property, is going to take two to two and a half weeks due to the regulations that are now in place. The business purpose bridge loan may be completed in just a week if necessary.

How does the bridge loan work when purchasing a home?

Bridge loans are valuable for homeowners who want to buy a new home but who don’t have the liquidity to make this purchase. With the bridge loan, the homeowner can borrow against the existing equity to purchase the new home they want.

Why Choose Hard Money Lenders AZ?

If you’re in need of a bridge loan in Arizona, Hard Money Lenders Arizona can help. We specialize in providing fast and reliable bridge loans to residents of Arizona, and we’re committed to helping our clients achieve their financial goals.

Our team of experienced professionals has years of experience in the lending industry, and we understand the unique needs of borrowers in Arizona. We offer flexible loan terms, competitive rates, and a range of loan options to fit your specific needs.

Our loan application process is quick and easy, and we can often provide approval within 24 hours. Once approved, we can fund your loan in as little as five days, allowing you to move forward with your project quickly and confidently.

Whether you’re a real estate investor, business owner, or homeowner, we can help you bridge the gap between your immediate funding needs and your long-term financial goals. Contact us today to learn more about our loan options and how we can help you achieve your financial objectives.

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Hard Money Lenders Arizona

4.9

Based on 217 reviews

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Bret K.

Michael is the man....VERY helpful and organized.

Response from the owner: Thank you so much for the positive feedback, Bret! We're glad to hear that you found our service organized and that Michael was helpful. Hope to serve you again in the future.

Manish P.

Michael Luculano is the worst lender ever. Stay away from him. He apologized last time by calling me and I took the negative review away then. Now I’m sure that I was wrong and should not have taken that review off. This guy simply have no manners and doesn’t know how to behave with clients. He will treat you like some beggar. There are tons of other great hard money guys in valley who are very approachable and decent in their behavior. Doesn’t treat you with disrespect like this guy does. I am sure his minions will call me again to take this review off but not this time. He definitely needs to learn customer service. Stay away!

Response from the owner: Be advised, Mr. Pusheye has PROACTIVELY reached out to me 4 times asking for terms that are completely unreasonable and then when he doesn't get it, he complains and trys to use reviews as leverage. Good luck on your search Manish.

Benjamin M.

Absolutely fantastic to work with! Always responsive and helpful. The best hard money lender in AZ, closes fast and has a great passion for getting loans closed! Michael and his team are the best in the business!!

Response from the owner: Thank you so much for your kind words, Benjamin. We really appreciate you taking the time to share your experiences with us and the community. We count ourselves lucky to have customers like you!

Justin V.

Michael took great care of my client I sent his way! It was a very complicated situation for a client in a bad spot and he jumped right on it and took care of them. He ran into a few hiccups during the approval process and didn't stop until he found a solution and got the deal done.If Michael can't get the deal done, it's not getting done!

Response from the owner: Thank you for your wonderful review, Justin. We're really happy to hear about your positive experience with Michael. Our team is always committed to finding solutions no matter how complex the situation might be. We look forward to working with you and your clients in the future!

Juice J

Man. I'd hit a lot of closed doors and was losing hope, but then i found these guys. They were awesome and got the deal done more quickly and smoothly than i could have hoped. It was a great experience and Austin is awesome.

Response from the owner: Thank you for your fantastic review, Juice! We're thrilled to hear that we could assist you during a difficult phase and that our team, particularly Austin, was able to offer an exceptional service. We hope to work with you again in the future.

Krish S.

I needed a fast, hard-money lender in Arizona for a fix-and-flip. These guys were fantastic! Straightforward process, honest communication, and being super responsive throughout the closing. Highly recommend!

Emiliano Z.

It was quite easy to work with this hard money lender. They responded to all of my inquiries promptly and with remarkable responsiveness. made a difficult issue lot simpler. Strongly advise.

Response from the owner: Thank you!! We ar where to help.

Marco L

The team at Hard Money Lenders made the entire process smooth and stress-free. They were responsive, knowledgeable, and truly cared about finding the best solution for our needs.

Shane R.

Five stars for Michael and his team. They closed our hard money deal for our client so smoothly and quickly, you’d think they used magic instead of paperwork. Efficient, communicative, and competitive. Highly recommend for a stress free hard money experience.

Response from the owner: Shane , it was awesome getting this deal done for you and for your client. I'm extremely grateful for your referrals and looking forward to doing more deals with you in the future!

m H.

Michael and Lara were fantastic to work with. This was our first hard money deal and we had 30 days to close on our Mesa warehouse. We ended up closing in only 18 days, and only because we were delayed in getting proof of building insurance. They could have funded us in around 10 days which is crazy fast! Michael was super friendly, always available by phone, and helped explain and guide us through the entire process. It was smooth and fast from day 1. Entire underwriting process was easy and fast. This will be the first of many deals we'll do with them from now on, so we can make more competitive all cash offers. I really liked working with this group and highly recommend.

Response from the owner: Thank you so much for the kind words. You were extremely helpful as well and allowed us to close it quick because of your communication as well. I am excited to do many many loans for you and this was just the first of many. Appreciate your business immensely !

Harold P.

Worked directly with Michael and let’s just say the approval process exceeded my expectations as far as timing went and frankly the entire process.The speed at which Michael’s team worked at allowed us to close the deal in less than 3 weeks.Ready to make the next deal, let’s go!

Response from the owner: Thank you so much Harold! you made it easy and I know this will be the first of many deals!!

Derrick G.

Brought one of my investors to Mike and he did an amazing job. Execution and knowledge was on par. Adjusted to a significant change with the COE and didn’t even hesitate. Great asset to have in your corner!!

Response from the owner: Thank you so much Derrick! You made it so easy and helped so much! VERY much looking forward to doing deals with you and your clients!!!

Daniel P.

Working with Michael has been an extreme pleasure. Michael and his team are truly dependable, true to their word, and efficient, and performed in a manner that was quicker than expected. All requirements were met and we were able to close without delays.I highly recommend everyone to work with Michael and his team and insist on working with Laura, Michael’s loan processor’ whom without her diligence, our loan probably would’ve been delayed.Together they are an amazing team.

Response from the owner: Thank you so much Daniel! You were extremely helpful in making this possible!! Looking forward to working with you many more times!

Ray S.

Best in the business...never would use anyone else. Professional and knowledgeable. Honest and informative.

Response from the owner: Thank You Ray! You were very helpful, responsive and super easy to work with. Cant wait for our next deal!!

geoffrey B.

michael was great. his entire team worked seamlessly together to get me funding in record time. a straight up and honest guy, hard to find in todays world. 100% would do business with him again.

Ryan M.

Michael is a winner! Work with him and he’ll for sure do his best to help you and your client close no matter how harsh circumstance becomes. My client now gets to keep his home because of a HardMoney loan. On to the next deal!

Response from the owner: Thank you Ryan. Was a fun one to work on and I appreciate you thinking of me!

Brett H.

Amazing Experience w/ Michael. Very professional Speedy & detailed. Delivered on time & was very great with communication and process.

Response from the owner: Thank you Brett! Can't wait to do more deals with you!!

Sean C.

I had the pleasure of working with Michael to secure a loan for our home. He was able to gather our information, and close, record, and fund the loan within 10 days! the process was the least painful loan process I've experienced. The timing was perfect, we needed the good news and the great experience. Thanks again Michael we really appreciate it.

Response from the owner: Sean, thank you so juch!! Was a true pleasure to work with you. You made me look good! Looking forward to working with you again!!!

John B.

Michael is a pleasure to work with. He strives to make sure every aspect of the lending process is made clear and works hard to make sure things get taken care of ASAP.

Taylor S.

Michael gets it done! If there is a deal that has any obstacles, like one I was recently working, Michael is a true deal saver. Highly recommend.

Response from the owner: Thank you Talyor! This will be the first of many to come!

Levi D.

Absolutely the best lender I have worked with thus far. Straightforward, efficient and personable. I will only be using this lender from now on!

Response from the owner: Thank you so so much. It was great meeting with you and I hope this is the first of many deals we do together!!

Emily M.

We had a wonderful experience with Michael Iuculano. The process for our loan was only about 2 weeks start to finish. They found us the perfect lender for our project with terms that were agreeable to all parties. He was super responsive to all of our questions and understood what we needed from the beginning. We will definitely be working with him again!

Response from the owner: Emily, thank you so much to you and Luke. I am ecstatic to have been able to do this deal for you and very much looking forward to being your go to Guy!!

Justin B.

Quick and responsive! Definitely educated me on what I needed to make things happen! Thank You Guys!

Response from the owner: Justin, very much appreciated! Thank you and looking forward to working with you again!

Jacque M.

Michael was amazing! He closed my transaction in three and a half weeks without any hiccups. Diane Chamberlin, his assistant, was also extremely helpful and expedited the process. I would highly recommend!

Response from the owner: Thank you Jacque, it was a pleasure working with you and glad to have been able to help!

Greg L.

Easy process and quick turnaround. Mike and his team made it easy.

Response from the owner: Greg, Thank you so much for the opportunity to help your clients! We look forward to working with you again soon!

Osiel A.

Tim D.

All I have to say is that Mike is well known and I’ve worked with him in the past, as well. He will get it done. In this case we had 48 hours. He got it out and signed in 24 hours, from the time I brought it to him. Saved customers house. Fantastic job, Mike.

Response from the owner: Tim, we appreciate working with you again and as always. You made it very easy and we are delighted with the result!

David R.

I read Michael's ad in a home buying magazine and after having two other loan "order takers" just give up, I decided to give him a call. Best thing I could have done. Working with Michael is such a great relief because he gets that not every loan is some "cookie cutter, fit the formula" type of transaction. He takes the time to ask questions and find out what the goal of the loan is. In my case it was to unlock equity in other properties so I could better leverage my rentals. Michael had the knowledge and contacts to get my loan completed, and offered a few different solutions .Michael's assistant Lara made sure everything got done right, and on time. She is great to work with, and responded quickly to any question I had. Together they make a great team and I look forward to working with them in the future.

Response from the owner: David, thank you so much for your reply. We loved working with you and you were extremely prompt and responsive so it's certainly made it easier and faster. We are looking forward to working with you again soon!

Sean M.

Michael Luculano and his team are nothing short of miracle workers in making a complex deal easy.My wife and I were recently visiting Scottsdale for her birthday and had decided to look at a few homes. Nothing immediate, just getting ideas for the future. Then on the last day we run into the perfect new construction home, only problem is we weren't prepared to buy. Most of our long-term funding was tied up in our home back in Oregon and to complicate things further, the seller had another cash offer on the table and a ridiculously fast 3 week closing requirement to secure the property.So, we took a leap of faith and called Hard Money Lenders with Barrett Financial and got Michael on the phone. That quickly took us from an impossible deal to closing on our new home in record time. Michael clearly communicated all the terms and numbers up front. And being such a rapid deal with a large amount of escrow on the line, he personally checked in with us daily.We have worked with a lot of great people in the real estate and mortgage industries for over 30 years and have to say that Michael is one of the top professionals we have ever met. A true expert in mortgage and bridge loans / private lending. Even better, it was clear to us every day that Michael truly cares about his clients. Best phone call we could have ever made.Thank you, Michael and Lara, for helping us make this North Scottsdale dream a reality!

Response from the owner: Sean, it was an honor to get the opportunity to work with you. I take my clients very seriously and it was awesome to work with you on this and earn the right to share in your joy. You were very responsive to all my calls and you were definitely a contributor in the outcome. I appreciate this opportunity immensely and welcome to Arizona!

Steven S.

I had a great experience working with Michael. He was quick, communicative, and professional. The whole process was easy and I got my funding very fast.

Response from the owner: Steven, we appreciate you so much. You were amazing to work with and super responsive. Thank you so much for the business and the trust! We look forward to working with you again soon!

Cindy D.

Excellent service! Michael was able to close our loan at a lower interest rate than originally quoted, as an added benefit to the already pleasant experience of working with Michael & his team. We closed ahead of time, no suprises, no drama, just positive results. The professional, dedicated staff was impressive as well. For positive results, this should be your mortgage choice.

Response from the owner: Cindy, it was an absolute pleasure to work with you and you certainly made it easier by being so thorough. Thank you so much and we hope to work with you again soon!

Darlene L.

Mike was so very helpful in getting a loan for my new house! THANK YOU!

saleh abd al H.

Michael, thank you so much you made this process so easy, I really appreciate it so muchSaleh.

wyatt A.

Recently used Mike for an investment purchase. Everything went smoothly. All fees were disclosed up front and matched at closing. Definitely using them again!

John H.

Micheal my guy straight handled business in a timely fashion I like to say thanks to you and your staff . Highly recommend

Sabria W.

Pleasant experience very professional and simply gets the job done, I look foward to our next deal.

Doug

Awesome lender that made things really simple to work with. Went above and beyond to get us a higher LTV than most of the other well-known lenders and had a quick close. Highly recommend using them!

Steven R.

Working with Michael was an absolute pleasure. I have done a lot of real estate transactions over the years and appreciate it when someone cares about their customer and getting the deal done on time and at the terms I was quoted. There are many bait and switch lenders out there but Michael and his team were always available when I had a question and when a potential issue popped up he was on it even while on vacation to get it resolved. That’s the type of service I expect and appreciate. Highly recommend if you’re looking to finance a deal.Steven

Ernest K.

Pablo R.

Michael and Lara were so easy and amazing to work with. On top of that, Michael really values relationships and will make sure what he says is delivered. Anyone looking for a hard money team, THIS IS THE ONE!!

Celly D.

Michael and his team were very professional and extremely proficient and were able to find a solution for my client when no other lender could not! Highly recommend him!!

Jean P.

Michael provided excellent customer service. I would recommend him to anyone. Thanks for your help and fast prompt service.

H R.

Mike and his team are fantastic! Helped save a deal from falling out.

JOE D.

Made loan easy. I love it

Deborah R.

Michael and his team are amazing. I want to tell you that you cannot find a better broker who has the patience of a goat. Michael works tirelessly for his clients. I thought I was getting on his nerves but he is a seasoned professional and got the deal done. He is super fast 48 hours and it was done. He's simply the best. If you go anywhere else the experience will not be the same because Michael is compassionate. Thank you.

Javier. G.

Mike was amazing. Super easy to work with. I am going to use them for all my future projects.

Daniel F.

Great experience! Very fast and professional. Thank you, Michael!

Khalid M.

Michael got my loan done in the agreed upon time despite us encountering some hiccups along the way. Stayed in touch and didn’t let me feel uneasy through the entirety of the loan process. If you need something done quickly. Call Michael.

Christy C.

Michael and his team were so great to work with. He was so genuine and easy to communicate with! He helped us navigate our first hard money loan from start to finish. The closing was very fast & efficient - they were able to get it done in 9 days. We couldn’t have asked for a smoother process or better people!! Thank you again!

Robert W.

Mike was outstanding, exceeded my expectations with price, terms and timing…. As a seasoned finance & real estate professional that’s SUPER critical of lenders, I couldn’t have asked for a better experience!

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