New Hampshire has no broad income or sales tax, but its property taxes and transfer tax are noticeable. Investors here often buy older multi-family homes in Manchester, Nashua or the mill towns, renovate them and refinance into a long-term rental.
In short: The best bridge loan lender for a New Hampshire deal is the one whose speed, leverage, rehab funding, draw process and extension terms fit your project. LendingStreet offers residential investor bridge loans on 1-8 unit properties in New Hampshire from $150,000 to $5M+, with rates from 7.99%, interest-only payments and closings in as little as 10 days. In New Hampshire, the comparison comes down to rehab funding for older multi-family homes, draw timing and a clear refinance plan; the transfer tax and high property taxes are the local items to price.
Ranking lenders in the abstract does not help much. What helps is asking every lender the same questions and comparing the answers against your actual timeline, budget and exit.
In New Hampshire, the comparison should include the full cost of the exit. High property taxes and the transfer tax both affect the numbers, and a lender that can also handle the DSCR refinance helps you plan the whole deal at once.
| What to compare | What to ask |
|---|---|
| Speed to close | How many days from signed term sheet to funding, and what slows it down? |
| Leverage | How much of the purchase and rehab do they fund, and on what value? |
| Rehab funding | Is the rehab budget included, and is it funded upfront or through draws? |
| Draw process | Who inspects, how fast are draws released, and how many are allowed? |
| Extensions | Is an extension available, at what cost, and what has to be true to get it? |
| Exit fit | Can the same lender refinance you into a long-term DSCR loan? |
Manchester and Nashua, the state's largest cities, have large inventories of older two- to four-family homes and small multi-family buildings, with demand from commuters to the Boston area and local employers. Concord, Dover, Rochester and Keene have smaller markets with similar older stock.
The Seacoast, including Portsmouth, has higher prices and strong rental demand. The Lakes Region and White Mountains have seasonal and vacation rental demand, with local rules that vary by town. Many New Hampshire multi-family homes date from the mill era and need updated systems.
LendingStreet is a direct lender to real estate investors. Our investor loans are business-purpose loans on non-owner-occupied property, and our bridge program covers residential properties from one to eight units.
Because we also offer DSCR rental loans, a New Hampshire project can move from bridge to long-term financing without starting over with a new lender. The form below asks for the basics: property, purchase price, rehab budget and your plan for the exit.
Rehab money on a bridge loan is usually released in stages. After each phase of work, an inspection confirms what was done and the lender funds that portion of the budget. The cleaner your scope of work, the fewer questions come up at each draw.
Older homes often need heating, electrical, plumbing, insulation and roof work, and homes built before 1978 may contain lead paint. Exterior work is easier in the warmer months. Towns handle permits, and requirements vary between cities and smaller towns.
Every bridge loan needs a way out. The two usual exits are selling the property or refinancing into a 30-year DSCR rental loan. Ask each lender what an extension costs and what it requires, since renovations and sales can run longer than planned.
New Hampshire property taxes are high relative to many states, so use the actual tax bill when you run the DSCR refinance. Multi-family homes help because several units share one bill.
New Hampshire charges a real estate transfer tax, generally split between buyer and seller, and the rate is higher than in many states. Recording, title and attorney fees apply. Confirm the figures with your title company or attorney.
This example is illustrative and not a quote. An investor buys a three-family home in Manchester for $440,000 with a rehab budget of $80,000 and an expected after-repair value of $630,000. Using a sample structure of 80% of the purchase price plus 100% of the rehab budget, the bridge loan is $432,000, and the investor brings $88,000 plus closing costs at purchase.
Interest-only, the payment at the full balance is about $3,600 a month, and 7 months at that level is about $25,200; actual interest is usually lower because rehab funds are drawn over time. After the work, the investor refinances into a DSCR loan at 75% of the $630,000 value, or $472,500. That pays off the $432,000 bridge loan and returns about $40,500 before closing costs. On a 30-year schedule, principal and interest is about $3,223; with $1,250 a month in taxes and insurance, the payment is about $4,473 against $5,100 in rent, a DSCR of about 1.14x.
| Item | Amount |
|---|---|
| Purchase price | $440,000 |
| Rehab budget | $80,000 |
| Sample bridge loan (80% of purchase + 100% of rehab) | $432,000 |
| Investor cash at purchase (before closing costs) | $88,000 |
| Interest-only payment at full balance | $3,600 a month |
| Interest over 7 months (upper estimate) | $25,200 |
| DSCR refinance at 75% of $630,000 | $472,500 |
| Cash back after bridge payoff (before closing costs) | $40,500 |
| New payment with taxes and insurance | About $4,473 |
| DSCR at $5,100 rent | About 1.14x |
Use these to compare lenders and keep your own file moving.
The best lender is the one whose speed, leverage, rehab funding, draw process and extension terms fit your deal. LendingStreet offers residential investor bridge loans in New Hampshire from $150,000 to $5M+, with rates from 7.99% and closings in as little as 10 days.
LendingStreet can close bridge loans in as little as 10 days when title, insurance and documents are ready. Delays usually come from title issues, insurance or missing paperwork.
Some LendingStreet bridge programs do not require an appraisal, which can speed up closing. Others do, depending on the deal. Ask which program fits your property.
Yes. Many investors refinance into a DSCR rental loan once the work is done and the property is rented. DSCR loans qualify on rent, with no W-2s or tax returns, and cash-out goes up to 75% LTV.
Yes. LLC borrowers are welcome. You will typically sign for the loan personally as well, and the lender will want the LLC's formation documents.
The real estate transfer tax is generally split between buyer and seller. Confirm the amount with your title company or attorney.
Because the state has no broad income or sales tax, local property taxes are high. On a DSCR refinance they come straight out of the ratio, so use the real tax bill.
Non-owner-occupied residential investment properties with one to eight units: single-family homes, condos and townhomes, duplexes, triplexes, fourplexes and small 5-8 unit buildings. Nine or more units is commercial.
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