Photo: Jennifer Rosdail Real Estate Team
San Francisco bridge loans.
Buyers moving into the city, out of it, and around it, in one of the fastest markets in the country.
Photo: Jennifer Rosdail Real Estate Team
Buyers moving into the city, out of it, and around it, in one of the fastest markets in the country.
Do you lend in San Francisco?
Yes. We lend in every San Francisco neighborhood, most often for buyers who need to compete without a sale contingency.
Everything here moves fast, and properties regularly go well above asking. An offer that depends on selling something else is the one that loses the weekend.
People are moving into San Francisco, out of it, and around it, and all three run into the same wall. A property can sit and then take several offers in a weekend, often well above asking, and the offer that depends on selling something else is the one that loses.
Moving within the city is the same problem in a tighter form, because you are buying and selling into those conditions at the same time.
Competing against cash is the usual reason people call. A bridge loan lets you make an offer that is, for the seller, the same as cash.
Pacific Heights · Presidio Heights · Cow Hollow · Russian Hill · Marina District · Noe Valley · Bernal Heights · Sea Cliff · Nob Hill · Laurel Heights · Cole Valley · Richmond District · Sunset District · Potrero Hill
Not an exhaustive list. If your town is not here, ask.
Some of the recorded transactions from this part of California.
The neighborhoods listed above are where we work most often, not a limit. We lend across the city and on the Peninsula. If yours is not listed, ask.
Typically 65 to 70 percent measured across both properties, less what you still owe. In the city it is usually enough to make an offer that does not depend on your sale. The buying power qualifier works it out in about ninety seconds and asks for no contact details until after you have seen the number.
By removing the sale contingency. San Francisco moves in bursts: a property can sit and then attract several offers in a weekend, and the offer that depends on selling something else is the one that loses. A bridge loan gets your offer close enough to cash to be taken seriously.
Yes, and both directions come up constantly. Moving in means competing against cash on a short timeline. Moving out means buying somewhere else before the city home has sold. A bridge loan covers the same gap either way.
Yes, and it is a common reason people call. Moving within the city means buying and selling into the same conditions at the same time, which is the same timing problem in a tighter form.
Approvals can be issued in less than 24 hours in many cases, once the required documentation and property review are complete. Closings commonly run around 14 days, or on your timeline.
How to buy before you sell: a complete roadmap
Can I buy a new home before selling my current one?
Rightsizing in retirement: a financial planning guideProperty photography: The House
Four simple questions and one straight answer.
Golden Gate Lending Group Inc. · California DRE #01405277 · NMLS #241012 · Equal Housing Opportunity. Loans are made or arranged pursuant to a California Department of Real Estate license. This site is not a commitment to lend, and all loans are subject to underwriting and property approval.
