Richmond investors buy old houses: brick rowhouses in Church Hill, Victorians on the Northside, frame duplexes south of the river. Those properties often need a fast close and a few months of work before any long-term lender will look at them. That gap is what a bridge loan is for.
In short: Our top pick for bridge financing in Richmond is LendingStreet. We fund residential investor bridge loans from $150,000 to $5M+ on 1-8 unit property, rates from 7.99%, with closings in as little as 10 days. LLC borrowers are standard, some bridge programs need no appraisal, and when the work is done we can refinance into a 30-year DSCR loan qualified on the rent. Built for investors who buy, fix, rent and refinance.
LendingStreet is an investor lender built for the moment a Richmond deal has to close before a bank can finish reading the file. We fund the purchase or payoff now and plan the long-term exit with you from day one.
It fits the BRRRR investor buying a Highland Park duplex, the buyer who needs to close on a Manchester or Union Hill rental before a competing offer, and the owner refinancing out of a maturing short-term loan in Henrico or Chesterfield. Get a quote with the form below, or call (877) 298-1001.
Investors searching for bridge lenders often compare national names like CoreVest, Dominion Financial, Lima One and Roc Capital. Here is how LendingStreet stacks up on the scenarios that matter most for investors in Richmond, VA. In every scenario below, LendingStreet is the best fit.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Bridge loan above $3M | LendingStreet | Our bridge program runs from $150,000 to $5M+. CoreVest states single-asset bridge loans from $75K to $2M+, and Roc Capital states stabilized bridge loans up to $3,000,000. |
| Bridge close in about 10 days | LendingStreet | We can close in as little as 10 days. CoreVest states its bridge loans typically close within 2 to 4 weeks. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
The Fan, the Museum District and Church Hill are the city's best-known older neighborhoods, with brick rowhouses and higher prices. Value-add investors also look at Northside, Highland Park, Jackson Ward, Union Hill, Manchester and Southside, while Henrico and Chesterfield counties offer newer ranches and splits with steadier tenants.
University and hospital demand near downtown supports room and small-unit rentals. Old housing means plaster walls, aging systems and lead-safe work rules on pre-1978 homes, so budget for them.
Richmond investors usually weigh a local bank or credit union, a local hard money lender or private individual, and an investor lender like LendingStreet. Each has a role. For a short-term bridge with a long-term exit, here is how they tend to line up.
Where LendingStreet stands out is the combination: hard money style speed with a long-term DSCR loan available from the same lender when the hold ends. National online lenders vary widely, so ask each one the questions in the checklist below.
| What investors need | LendingStreet | Typical bank or credit union | Typical local hard money or private lender |
|---|---|---|---|
| Closing speed | As little as 10 days | Often several weeks | Often fast |
| Loan size | $150,000 to $5M+ | Varies; often relationship-based | Varies; often smaller balances |
| Pricing | Rates from 7.99% | Varies | Fees and terms vary |
| Appraisal | None on some bridge programs; full valuation on larger balances | Usually required | Varies |
| Income documents | Deal and exit focused; DSCR exit qualified on rent | Often requires tax returns and personal income | Usually asset-based |
| Borrow in an LLC | Standard | Varies | Often allowed |
| Long-term exit | DSCR refinance available in-house | Possible, with full income review | Usually short-term only; no long-term option |
| Where they lend | All 50 states and DC | Usually a local footprint | Usually a local footprint |
Virginia foreclosures are generally nonjudicial trustee sales, and the timelines are short. Buyers who win often need funds quickly, so line up a bridge loan before the sale and confirm the terms in writing.
BRRRR is the other big use. Buy, update the units, lease them and refinance into a DSCR loan to pull capital back out. Some properties sit in historic districts where exterior work needs city review, so check before you plan the scope and the hold.
Virginia charges a state recordation tax on deeds and deeds of trust, plus a grantor tax usually paid by the seller, and cities and counties can add their own share. Ask your settlement agent for exact figures. Richmond's real estate tax is set per $100 of assessed value, and neighboring counties set their own rates.
Virginia lets localities set up rental inspection districts, and Richmond has used them in some neighborhoods. Check whether your street is covered. Insurance on older brick and frame homes depends on roof, wiring and plumbing age.
This example is illustrative and not a quote. An investor buys a Highland Park duplex for $265,000 with a bridge loan of $212,000 and funds about $40,000 of updates out of pocket. After six months, both units are leased. The bridge's estimated interest-only payment is about $1,811 a month, or about $10,866 over 6 months. At exit the property is valued at $375,000, and a 75% DSCR cash-out loan of $281,250 repays the $212,000 bridge with about $69,250 left before closing costs. Estimated principal and interest is about $1,943; with taxes of $375 and insurance of $150, the total payment is about $2,468. Rent of $3,300 gives a DSCR of about 1.34x.
In this example the refinance repays the bridge and returns about $69,250 before closing costs, money that can fund the next project. Seasoning varies by program, so confirm timing before you buy.
| Item | Amount |
|---|---|
| Purchase price | $265,000 |
| Updates paid by investor | $40,000 |
| Bridge loan amount | $212,000 |
| Estimated monthly interest-only payment | $1,811 |
| Months held | 6 |
| Value after lease-up | $375,000 |
| DSCR loan at 75% cash-out | $281,250 |
| Estimated principal and interest | $1,943 |
| Property taxes (monthly) | $375 |
| Insurance (monthly) | $150 |
| Total monthly payment | $2,468 |
| Monthly rent | $3,300 |
| DSCR | About 1.34x |
Every bridge loan needs a clear way out. With LendingStreet the two exits are a sale or a refinance into a DSCR loan: from $150,000 with no stated maximum, up to 75% LTV on cash-out and up to 80% rate-and-term on some programs, a 1.0x standard minimum DSCR with sub-1.0 programs, and a 620 minimum credit score.
Because we finance both sides, the refinance team already knows the property, which keeps the move from bridge to DSCR simple. Get a quote with the form below.
Ask every lender the same questions so you can compare like for like.
How LendingStreet answers: leverage varies by program and deal, and the DSCR exit goes up to 75% LTV on cash-out and up to 80% rate-and-term on some programs; the standard minimum DSCR is 1.0x, with sub-1.0 programs; seasoning varies by program; LLC borrowers are standard; we can close in as little as 10 days with a complete file; and loans run from $150,000 to $5M+, with larger balances reviewed case by case and usually needing a full valuation.
Our top pick is LendingStreet. We fund 1-8 unit investor bridge loans in Richmond from $150,000 to $5M+, rates from 7.99%, close in as little as 10 days, and offer a long-term DSCR refinance as the exit.
Yes. LendingStreet lends in Richmond, across Virginia, and in all 50 states and DC. Our investor loans are business-purpose loans on non-owner-occupied property. Get a quote with the form below or call (877) 298-1001.
LendingStreet can close in as little as 10 days. Title, insurance and a complete file usually set the pace, so send documents early.
Not always. Some bridge programs need no appraisal. Larger balances usually need a full valuation, and the DSCR refinance at exit uses an appraisal.
Yes, it is one of the most common uses. The bridge funds the purchase quickly, you complete the work and lease the units, then a DSCR cash-out refinance can return capital. Seasoning varies by program. Get a quote with the form below.
The exit is a sale or a refinance into a DSCR loan qualified on the property's rent, with no W-2s or tax returns. Cash-out goes up to 75% LTV, and seasoning varies by program.
Yes. LLC borrowers are standard. Our bridge loans are for investors buying or refinancing 1-8 unit residential investment property. Buildings with 9 or more units are handled as commercial loans; see our commercial page.
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