Fresno's median home costs a fraction of one on the coast, so a $3 million residential bridge loan here usually buys a group of homes, a set of small apartment buildings, or a rare estate on the river bluffs. The buyers are often coastal investors trading up into a portfolio, or local owners consolidating.
In short: LendingStreet makes residential investor bridge loans in Fresno from $1M to $5M+ on 1-8 unit properties, including packages of homes, small multifamily, high-value homes and payoffs of maturing loans. Rates start from 7.99%, loans are short-term and interest-only, and closings can happen in as little as 10 days. Larger balances usually need a full valuation, and the exit is a sale or a refinance into a DSCR, blanket or jumbo DSCR loan.
Most $1M+ residential requests in the Fresno area are packages: eight to fifteen single-family rentals across central, southeast and north Fresno, a group of fourplexes near Fresno State, or a mix of duplexes and small buildings bought from one owner. High-value single homes exist along the San Joaquin River bluffs, in parts of Fig Garden and in newer estate areas of north Fresno and Clovis, but they are a smaller share.
That honesty matters for underwriting. A large Fresno bridge loan is reviewed property by property, with attention to each home's condition, rent and title.
Long-held Fresno portfolios often come with deferred maintenance, older tenants at below-market rents and homes that need roofs, HVAC or electrical upgrades. Those properties can be hard to finance on a long-term DSCR loan on day one. A bridge loan closes quickly, gives time to renovate and lease, and sets up a portfolio refinance.
Sellers in estate or trust situations and 1031 exchange buyers on a deadline often value speed and certainty over the highest price.
This example is illustrative and not a quote. An investor buys nine single-family rentals across Sunnyside, McLane and north Fresno for $3,150,000. The bridge loan is $1,890,000, 60% of the price, with estimated interest-only payments of about $16,538 a month while the investor replaces HVAC systems and resets leases.
After the work, the homes rent for about $2,200 each, or $19,800 a month, and appraise at $3,300,000. A blanket DSCR refinance at 60% of value, about $1,980,000, retires the bridge loan. Estimated principal and interest is about $13,844, taxes based on the purchase price about $3,019 and insurance $1,260, for a total payment of about $18,123 and portfolio DSCR of about 1.09x.
| Stage | Amount |
|---|---|
| Purchase price, 9 homes | $3,150,000 |
| Bridge loan (60% of price) | $1,890,000 |
| Estimated monthly interest | $16,538 |
| Stabilized value | $3,300,000 |
| Stabilized monthly rent | $19,800 |
| Refinance loan (60% of value) | $1,980,000 |
| Refinance payment with taxes and insurance | $18,123 |
| Portfolio DSCR | About 1.09x |
Fresno rents have grown, but prices have grown faster, so a refinance often has to be sized below the program maximum to clear 1.0x. That is why the example uses 60% on both the bridge and the refinance. Planning the bridge amount around a realistic exit avoids a shortfall when the bridge matures.
Under Prop 13, the county reassesses each home at your purchase price, so build those supplemental tax bills into the exit.
California's Tenant Protection Act, AB 1482, caps annual rent increases and limits no-fault evictions on many rentals more than 15 years old. If your plan depends on raising below-market rents, check how quickly that can legally happen. The City of Fresno also requires rental registration and can inspect units, so budget for any repairs that inspections may require.
Larger balances usually need a full valuation, and a package may need an appraisal for each property. Bridge loans can close in as little as 10 days when the file is complete, but a nine-home package with title work and appraisals for each address often takes longer. California counties charge a documentary transfer tax on purchases, and title and escrow fees apply per property.
Valley homes are generally easier to insure than foothill properties, but carriers look closely at roofs, electrical panels and vacancy. Vacant homes in a package may need a vacant-property policy until they are leased. Get quotes before you finalize the loan amount, since insurance on nine homes is a meaningful share of the refinance payment.
Summer heat makes air conditioning a habitability issue in Fresno, and replacing several aging HVAC systems in a package is one of the most common renovation costs. Build those replacements into your budget and bridge timeline.
Balances above $1M are reviewed case by case. Underwriters look at your experience, liquidity and reserves, the condition and occupancy of each property and how credible the exit is. A property-by-property budget and a local property manager strengthen the file. California-wide context is on our California large bridge page.
Investors coming from coastal California markets sometimes underestimate how different Fresno leasing is. Working with a manager who knows the neighborhoods, rent levels and the city's rental program helps the lease-up go as planned and supports the refinance.
Send the property schedule, purchase price or payoff, rents, repair budget and planned exit. Call (877) 298-1001 or use the form below, and the team will size the bridge loan against a realistic refinance or sale.
Our residential bridge program runs from $150,000 to $5M+, with balances above $1M reviewed case by case.
Bridge rates start from 7.99%. Large balances are priced based on leverage, experience, property condition and the exit.
Larger balances usually need a full valuation, often one per property on a package.
Because the refinance has to clear DSCR. When rents trail prices, a lower bridge amount keeps the exit realistic and avoids a shortfall at maturity. Run the exit with full taxes at your purchase price and realistic insurance.
Yes, if the timeline and file allow. Bridge loans can close in as little as 10 days with a complete file, though a multi-property package takes longer. Talk with your exchange intermediary about deadlines early.
A sale, or a refinance into a blanket portfolio, DSCR or jumbo DSCR loan. Packages usually go to a blanket loan, while a river-bluff estate might go to a jumbo DSCR loan or a sale.
They can. AB 1482 limits annual increases on many older rentals, which affects how fast below-market rents can rise. If your business plan depends on rent growth, build a slower schedule into the exit.
No. Our investor loans are business-purpose loans on non-owner-occupied property.
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