In Fairbanks, a $2 million deal is almost never one house. It is a retiring landlord's eight homes near Eielson, a group of pipeline-era fourplexes, or a short window to take out a loan that is coming due before a summer moving season.
In short: LendingStreet's residential investor bridge loans run from $150,000 to $5M+, and larger Fairbanks balances of $1M and up are reviewed case by case. Rates start from 7.99%, loans are short-term and interest-only, and closings can happen in as little as 10 days when the file is ready. Larger balances usually need a full valuation, and the exit is a sale or a refinance into a DSCR, blanket or jumbo DSCR loan.
Fairbanks prices are moderate for the West, so a bridge loan above $1M almost always covers more than one property. The common cases are packages of single-family rentals in North Pole and around Badger Road, groups of fourplexes in South Fairbanks and Hamilton Acres, and 5-8 unit buildings close to Fort Wainwright and downtown. A single home above $1M is rare in this market.
Every property in the package must be a residential investment property of 1 to 8 units. Buildings with 9 or more units fall under our commercial and multifamily programs instead.
Packages also tend to be uneven. A seller's list might include well-kept North Pole homes alongside a South Fairbanks fourplex with an aging boiler and two empty units. Underwriting looks at each property, so knowing which ones need work, and what that work costs, makes for a cleaner and faster file.
The Fairbanks market has a small pool of buyers for whole portfolios, so sellers who want one clean closing often favor the investor who can move fast. A bridge loan lets you buy the whole package now, turn the vacant units and stabilize rents, then refinance into long-term debt once the rent roll supports it.
Bridge terms below are program-level. Your actual leverage and pricing depend on the properties, the valuation, your experience and the exit plan.
Experience matters more on a large balance. An investor who already owns and manages rentals in Fairbanks, and can show how past properties were leased and refinanced, usually gets a clearer answer than a first-time buyer taking on a whole portfolio at once.
| Feature | Large bridge program |
|---|---|
| Loan size | $150,000 to $5M+; $1M+ reviewed case by case |
| Rates | From 7.99% |
| Payments | Interest-only, short term |
| Closing speed | As little as 10 days when the file is ready |
| Valuation | Larger balances usually need a full valuation |
| Exit | Sale, DSCR refinance, blanket or jumbo DSCR refinance |
This example is illustrative and not a quote. An investor agrees to buy eight single-family rentals near Eielson for $2,400,000. Three are vacant and need paint, flooring and furnace service. The bridge loan is $1,800,000, or 75% of the price. Estimated interest-only payments are about $15,750 a month, or about $94,500 over a 6-month hold. The investor pays for the turns in cash.
After the turns, all eight homes lease at about $2,350 a month, for $18,800 combined. A new valuation comes in at $2,560,000. The investor refinances into a blanket DSCR loan at 70% of value, or $1,792,000. Estimated principal and interest is about $12,225, taxes are $2,600 and insurance is $950, for a total of about $15,775. The portfolio DSCR is about 1.19x, which clears the 1.0x standard minimum and pays off the bridge loan.
| Stage | Amount |
|---|---|
| Purchase price | $2,400,000 |
| Bridge loan (75%) | $1,800,000 |
| Estimated interest-only payment | $15,750 a month |
| Combined rent after turns | $18,800 |
| Blanket DSCR refinance (70% of new value) | $1,792,000 |
| Total payment after refinance | $15,775 |
| Portfolio DSCR | 1.19x |
A $1M+ file usually needs a full valuation on each property, and Fairbanks has a limited number of appraisers. Order early, especially for packages with homes outside city limits on wells and septic. Winter inspections can be slower and may not show the condition of roofs under snow, so plan for follow-up.
Timing also matters for leasing. Many military moves happen in summer, so finishing turns by late spring can shorten the time the bridge loan is outstanding.
Most Fairbanks investors exit into long-term DSCR debt. A package of five or more homes or small buildings can move into a blanket portfolio loan with one payment. Individual properties can each take their own DSCR loan, and a large balance on a single high-value property can move to a jumbo DSCR loan. Some investors sell part of the package to pay down the bridge and keep the rest.
Whatever the exit, the rents have to support the new payment. Plan the refinance numbers before you sign the purchase contract, not after.
Bridge money can also refinance a portfolio whose existing loan is maturing, when a long-term refinance is not ready yet, for example because units are mid-turn or a valuation is pending. The bridge buys time to finish the work and season the rents, then a DSCR or blanket loan pays it off.
Start early. A maturing loan sets a hard date, and a Fairbanks portfolio with several properties needs time for valuations, title work and insurance. Reaching out 60 to 90 days before the maturity date leaves room to fix any surprises without paying extension fees to the current lender.
Our investor loans are business-purpose loans on non-owner-occupied property. Send the property list, price, current rents, rehab plan and target exit through the form below or call (877) 298-1001. For statewide large bridge details see our Alaska large bridge loans page, and for long-term options above $1.5M see Fairbanks jumbo DSCR loans.
Yes, when the collateral and exit support it. In Fairbanks a balance that size usually covers a package of homes or several small buildings, and $1M+ loans are reviewed case by case.
Rates start from 7.99%. Your pricing depends on leverage, the properties, your experience and the exit plan.
In as little as 10 days when the file is complete. Valuations on several properties, especially outside city limits, can extend that.
Larger balances usually need a full valuation on each property. Plan for it in your contract timeline.
Yes. Each property must be residential, 1 to 8 units. Buildings with 9 or more units go through our commercial or multifamily programs.
A refinance into a blanket DSCR loan for packages, or individual DSCR loans for each property, once the units are leased.
No. Our investor loans are business-purpose loans on non-owner-occupied property, so the bridge must finance a rental or investment purchase.
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