Michigan rental investing runs on volume. Investors buy groups of houses in Metro Detroit, Grand Rapids, Lansing and Flint, and a group of affordable homes can still add up to a $1M+ purchase. The right bridge lender funds that size quickly and understands how Michigan property taxes change after a sale.
In short: Our top pick for large bridge loans in Michigan is LendingStreet. We offer 1-8 unit investor bridge loans from $150,000 to $5M+, with a focus here on $1M and up, rates from 7.99% and closings in as little as 10 days. Because we also write DSCR and blanket portfolio loans, we can test your exit against Michigan's post-sale tax bill before you close. Call (877) 298-1001 or get a quote with the form below.
LendingStreet lends to investors only. Our bridge loans are short-term, interest-only, business-purpose loans on non-owner-occupied 1-8 unit property, from single houses in Ann Arbor and Oakland County to rental groups in Warren, Dearborn Heights, Redford and Wyoming.
On balances above $1M we look closely at the property list and the plan, and larger balances usually need a full valuation. Larger requests are reviewed case by case.
To get started, share the addresses, price or payoff, current rents and your exit with the form below.
Investors searching for large 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 Michigan. 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. |
Michigan investors often weigh a local bank or credit union against a local hard money lender. Both can work; here is how they generally line up for a large investor bridge.
| What investors need | LendingStreet | Bank or credit union | Local hard money lender |
|---|---|---|---|
| $1M+ on a group of rentals | Yes; up to $5M+, reviewed case by case | Varies; often one property per loan | Varies; often smaller balances |
| Timeline | As little as 10 days | Often weeks | Often fast |
| Income documents | Business-purpose review of the deal | Often tax returns | Varies |
| Exit options | DSCR, jumbo DSCR or blanket refinance | Separate loan process | Usually short-term only |
| Coverage | All 50 states and DC | Local | Often local |
Packages of rentals are the main driver. A landlord retiring from 8, 10 or 15 Metro Detroit houses often wants one buyer and one closing, and a bridge loan lets you close before arranging long-term debt.
Auctions are another source. Counties sell tax-foreclosed property at public auctions, and mortgage foreclosures end in sheriff's sales followed by a redemption period. Both have fast payment terms and specific risks, so get legal and title advice and talk to us before you bid. Bridge loans also pay off maturing loans and fund higher-value purchases in Birmingham, Bloomfield Hills and the lake towns.
Michigan caps how fast a property's taxable value can rise while one owner holds it. When the property sells, the cap comes off the next year, and the taxable value can jump toward half of market value. Investors also do not get the principal residence exemption, which removes a large school operating millage for owner-occupants.
Together, those rules mean the seller's tax bill can understate what you will pay. Use the city or township's estimate for a non-homestead property. Michigan also charges state and county transfer taxes on deeds, and Detroit and many cities require rental registration and inspections. Confirm each item locally.
This example is illustrative and not a quote. An investor buys eight houses in the Detroit suburbs for $1,360,000. A bridge loan of $1,020,000 closes the purchase, and the investor brings $340,000 plus costs. The estimated interest-only payment is about $8,288 a month.
The homes lease for $1,650 each, or $13,200 a month, and the investor refinances all eight into one blanket loan of $1,020,000 with estimated principal and interest of about $6,786. Using the seller's taxes of $260 per home, the total payment is about $9,826 and DSCR is about 1.34x. Using a realistic investor figure of $420 per home, the payment is about $11,106 and DSCR is about 1.19x.
The deal still works, but the cushion is smaller. Run the higher tax number from the start.
| Item | Seller's tax bill | Investor tax bill |
|---|---|---|
| Exit loan | $1,020,000 | $1,020,000 |
| Principal and interest | $6,786 | $6,786 |
| Taxes, 8 homes | $2,080 | $3,360 |
| Insurance, 8 homes | $960 | $960 |
| Total payment | $9,826 | $11,106 |
| DSCR at $13,200 rent | About 1.34x | About 1.19x |
Most Michigan rental packages exit through a refinance. Five or more rentals can go into one blanket loan, with release provisions if you sell a house later. A single higher-value rental can refinance into a jumbo DSCR loan. Renovated homes in strong school districts can also exit by sale.
Packages of older Michigan houses reward careful inspection. Many homes in the Detroit suburbs, Flint and Saginaw were built before 1978, so lead paint rules apply to rentals, and basements, roofs, furnaces and sewer lines deserve a close look before you set the budget.
Winter matters too. Vacant homes need heat or proper winterizing, and a burst pipe in January can change a lease-up schedule. Build a cushion into the bridge term so a slow winter does not push you up against maturity.
Ask each lender these questions and write down the answers side by side.
Leverage varies by program and balance, and we state it for your file. DSCR exits have a 1.0x standard minimum, with sub-1.0 options. Seasoning varies by program. LLC borrowing is standard. We can close in as little as 10 days, and requests above $5M are reviewed case by case.
Get a quote with the form below, or call (877) 298-1001.
Our top pick is LendingStreet: $1M to $5M+ investor bridge loans on 1-8 unit property, rates from 7.99%, closings in as little as 10 days and a planned DSCR or blanket exit.
Yes. We lend across Michigan, including Detroit and its suburbs, Grand Rapids, Lansing, Ann Arbor, Flint and Kalamazoo, and in all 50 states and DC.
Usually taxes. Taxable value can rise after a sale, and investors do not get the principal residence exemption. Budget on the investor tax figure.
Auctions usually require fast payment, so many investors pay cash and then use a bridge loan to free that cash. Get title and legal advice first.
Yes. A bridge can fund the group, and five or more rentals can then refinance into one blanket portfolio loan.
Larger balances usually need a full valuation. On a package, expect a review of each property.
Yes. Michigan has a state real estate transfer tax and a county transfer tax on deeds, which the seller usually pays, though purchase contracts can shift costs. Your title company will confirm the amounts for your purchase.
No. Our bridge loans are business-purpose loans on investment property only.
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