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- Dominion Financial Services Launches Innovative Bridge Loan Program
Dominion Financial Services Launches Innovative Bridge Loan Program
Slice of Real Estate Team
July 11, 2024
Key Highlights:
Competitive Rates: Rates as low as 9.5% with buydown option or 11% with no origination points.
Comprehensive Financing: Finance 100% of acquisition and rehab costs.
Efficient Underwriting: In-house deal underwriting with no appraisal required.
Nationwide Availability: Accessible to investors across the country.
Source (PR Newswire)
Notable Quote:
"For 22 years, Dominion has succeeded in the fix & flip lending market with a common sense approach focused on providing exceptional rates, speed & service. Our new guidelines reflect today's market conditions and give the country's most talented flippers & landlords a competitive advantage to thrive. We look forward to supporting these entrepreneurs and continuing to grow together."
Our Take:
Dominion Financial Services' launch of the new Bridge Loan Program marks a significant advancement for real estate investors seeking flexible and comprehensive financing solutions. The program’s offering of up to 100% financing for both acquisition and rehab costs sets a new standard in the industry, allowing investors to maximize their operating capital and scale their portfolios with greater ease. By eliminating the need for appraisals and conducting in-house underwriting, DFS streamlines the approval process, making it more efficient for investors to access the funds they need quickly. This program positions DFS as a leader in the real estate lending sector, particularly given its adaptive approach to recent market dynamics and the evolving needs of investors nationwide.