Sherman Bridge Review

Last Updated: July 2024

Our Summary

  • No money down loans
  • Fast pre-qualification process
  • Funding in as few as 5 business days

Sherman Bridge Lending has been offering hard money loans to home flippers and landlords since 2009, specializing in distressed single family residential real estate. Sherman Bridge loans are designed to finance everything from cosmetic remodels to complete teardowns.

Given their extensive experience in fix & flip loans, Sherman Bridge can underwrite and close loans in as few as 5 business days. You can get started with a 30-second pre-qualification and a 30-minute pre-approval process. Sherman Bridge offers three loan programs that vary from 70-80% of purchase price. Notably, Sherman Bridge doesn’t have a minimum down payment required, so it’s possible to receive a rehab loan with no money down.

Loan Types Offered

Rental, Fix and Flip

Property Types

Single Family

Lending Areas

Sherman Bridge accepts loans in Alabama, California, Colorado, District of Columbia, Florida, Georgia, Kansas, Kentucky, Maryland, Missouri, New Jersey, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Wisconsin.

Loan Details

Fix & Flip

  • Loan Amount: $75,000 - $4,000,000
  • Loan to ARV: 75%
  • Purchase Price: 90%
  • Rehab Costs: 90%
  • Interest Rate: 8.25%+
  • Points: 2.0+
  • Term: 12 months
  • FICO: 60
  • Experience required: Yes

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