It Offers 100% Acquisition And 100% Rehab Financing For Fix-and-flip Projects.
Dominion Financial Services (DFS), a national private lender for residential real estate investors, has launched a new bridge loan program designed to revolutionize investment financing. The program offers up to 100% acquisition and rehab financing, with interest rates starting as low as 9.5%, aiming to enhance investor’s operating capital and foster business growth.
Key Features Of The Bridge Loan Program:
Competitive Rates. Investors can take advantage of rates as low as 9.5% with a rate buydown option of one point or opt for an 11% rate without upfront origination points, providing flexibility based on individual financial strategies.
Comprehensive Financing. The program allows for financing 100% of both acquisition and rehab costs, ensuring that investors can fully leverage their capital for property improvements and expansions.
Efficient Underwriting. DFS simplifies the approval process by underwriting deals in-house without requiring an appraisal, significantly speeding up the timeline for accessing funds. Deals can close in as little as 48 hours.
Nationwide Availability. The program is accessible to real estate investors across the United States, broadening the reach and impact of DFSís financial solutions.
The Dominion Difference
Dominion Financial Services distinguishes itself in the market by offering up to 100% loan-to-cost, a feature unmatched by other national private lenders. This unique aspect solidifies DFSís leadership in the real estate investment lending sector.
Jack BeVier, Partner at Dominion Financial Services, emphasizes the company’s long-standing commitment to the market, stating: “For 22 years, Dominion has thrived in the fix-and-flip lending market with a commonsense approach focused on providing exceptional rates, speed, and service. Our new guidelines reflect today’s market conditions and give the country’s most talented flippers and landlords a competitive advantage to thrive. We look forward to supporting these entrepreneurs and continuing to grow together.”
The new bridge loan program builds on the foundation of DFS’s previous offerings, shaped by extensive industry insights gained since the 2008 financial crisis. Recent market dynamics, including the stress tests brought on by COVID-19 and the 2023 basis point increase, have informed the development of this more intelligent and nuanced approach to bridge lending.
Empowering Real Estate Investors
DFS’s new bridge loan program is tailored to help real estate investors expand their businesses by providing crucial capital for new opportunities. With 100% financing options, competitive rates, and a streamlined approval process, DFS empowers investors to maximize their operating capital and scale their portfolios efficiently. Investors seeking long-term financing solutions should inquire about Dominion Financialís rental loans with a DSCR price-beat guarantee. For more information about the new DFS Bridge Loan Program, call (410) 883-8493 to speak to a loan officer.
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