Bridge Financing

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Bridge Financing

Bridge Financing for Current Residences

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Don't Wait to Sell an Existing Home Before Building your Dream Home!

Our bridge financing works for homeowners who want to use the equity in their current property for the down payment on their new construction and want to construct a new owner-occupied primary residence.  Both the bridge financing and Construction-to-Permanent loans must be sourced by the borrower from Pacifica South Bancorp, and must close concurrently.

Use your existing residence to pay the down payment for your new home.
Bridge Loan Features

 - No monthly mortgage payments during construction phase

 - LOW rate, prime based index

 - Existing liens, including your Bridge Loan, are NOT counted in debt-to-income calculation.

 - All cash proceeds from the Bridge Loan will be held by Pacifica South Bancorp, who will use it toward additional down payment in connection with the Pacifica South Construction-to-Permanent Loan.

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