A $1M bridge loan in Huntington almost never means one house. With most homes in the city selling well under $250,000, a large balance here usually means a retiring landlord's whole portfolio, a cluster of rentals near Marshall or a few small apartment buildings bought at once.
In short: LendingStreet provides residential investor bridge loans in Huntington from $1M to $5M+, within a program range of $150,000 to $5M+, with rates from 7.99% and closings in as little as 10 days. Loans are short-term and interest-only on 1-8 unit properties, and larger balances usually need a full valuation. The usual exit is a refinance into a blanket or DSCR loan once the properties are repaired and leased, or sale of some homes.
In the Huntington market, $1M to $5M+ is portfolio territory. Typical deals include a long-time landlord selling 10 to 25 houses on the Southside, West End and Highlawn; a group of student rental houses and small buildings near campus; or a set of homes spread across Huntington, Barboursville and the Ohio side of the river.
Higher-priced single homes in neighborhoods such as Ritter Park or Spring Hill rarely approach $1M on their own, so we say it plainly: in this metro, a large bridge is usually a package.
| Deal type | Typical location | Usual exit |
|---|---|---|
| Retiring landlord portfolio | Southside, West End, Highlawn, Guyandotte | Blanket DSCR refinance |
| Student rental cluster | Blocks near Marshall | Blanket or individual DSCR loans |
| Several 2-4 unit buildings | Southside, Westmoreland, Barboursville | DSCR refinance by building |
| Tri-state package | Huntington plus Chesapeake, OH or Ashland, KY | Multi-state blanket on some programs |
| Payoff of a maturing loan | Anywhere in the metro | Blanket or DSCR refinance |
Portfolio sellers in smaller markets often want one buyer, one closing and a quick timeline. A bridge lets you close fast, then sort out repairs, leases and the long-term loan afterward. Many long-held portfolios come with below-market rents, month-to-month tenants and deferred maintenance that would not qualify for a long-term loan on day one.
Investors also use large bridges to pay off maturing local bank loans or seller financing on several properties at once while they set up a permanent structure. That can be the cleanest way to untangle a portfolio held on several short notes with different due dates.
This example is illustrative and not a quote. An investor buys 14 rental houses from a retiring landlord for $1,450,000, about $103,571 each, spread across the Southside, West End and Barboursville. A bridge loan of $1,087,500 funds 75% of the price; leverage varies by program. Estimated interest-only payments are about $9,516 a month. The investor plans about $120,000 of repairs, paid from cash.
After repairs and new leases at $16,100 a month combined, the homes appraise at $1,650,000. A blanket DSCR refinance at 70% of value is $1,155,000, enough to retire the bridge. Estimated principal and interest is about $8,036, taxes about $1,925 and insurance $1,050, for a total of about $11,011. Portfolio DSCR is about 1.46x.
| Stage | Amount |
|---|---|
| Purchase price, 14 homes | $1,450,000 |
| Bridge loan (75% of price) | $1,087,500 |
| Estimated monthly interest-only payment | $9,516 |
| Repairs paid by investor | $120,000 |
| Value after repairs and leasing | $1,650,000 |
| Blanket refinance at 70% | $1,155,000 |
| Estimated refinance payment with taxes and insurance | $11,011 |
| Portfolio DSCR | About 1.46x |
Larger balances usually need a full valuation, and a package typically means an appraisal or valuation on each property. Huntington comparables can be thin on some blocks, and older converted houses vary a lot in condition. Bring a schedule with photos, current rents and any recent repairs; it helps the appraiser and shortens the timeline.
A bulk price is not the same as the sum of individual values. Sellers of whole portfolios often accept a discount for a single quick sale, and appraisers value each house on its own, so the total may differ from your contract price in either direction.
Long-held Huntington portfolios often come with informal leases, cash payments and rents set years ago. Collect estoppels or at least a current rent roll and copies of leases before closing. Raising rents to market is usually part of the plan, but give yourself time: tenants turn over gradually, and the refinance will use signed leases and market rent.
Rentals in West Virginia are taxed at higher levy rates than owner-occupied homes, and properties inside Huntington generally fall in a higher class than those outside city limits. Budget each property on its actual class and bill. The state and counties also charge an excise tax on deed transfers, which matters when you sell some homes later.
Older Huntington houses often need roofs, furnaces, electrical updates and basement waterproofing. On a 10 to 25 home package, those costs add up quickly. Build a property-by-property scope before you close, get contractor bids where you can, and note which homes need permits for the work.
Larger repair budgets are reviewed with the loan request. Some investors fund repairs from cash and plan the refinance around the improved values, as in the example above, while others ask for repair funds released in stages as work is completed.
Prioritize homes that can be leased quickly. Rent coming in from the first few finished houses helps cover interest while work continues on the rest.
Taking over a dozen or more houses at once is a management job as much as a financing one. Your track record with rentals, a property manager in place and enough cash to carry interest and repairs through lease-up all strengthen the file. Winter in Huntington slows leasing and outside repairs, so plan the timeline with some slack.
Most Huntington large bridges exit into a blanket portfolio loan, sometimes after selling a few weaker houses to reduce the balance. Selling the homes with the most deferred work, rather than repairing them, can be the faster way to a portfolio that clears 1.0x. Homes in Ohio or Kentucky can be included in a blanket on some programs. If one property is a larger building or high-value home, a separate DSCR or jumbo DSCR loan may fit it. Our bridge-to-DSCR guide covers the steps.
Send the property schedule, purchase price, repair budget and rent roll through the form below or call (877) 298-1001.
Yes. Our residential investor bridge program runs from $150,000 to $5M+. In Huntington, large balances usually cover a package of homes or small buildings.
Rates start from 7.99%. Pricing depends on leverage, the properties and your experience.
Larger balances usually need a full valuation, often on each property in a package.
Yes. That is one of the most common large bridge uses in Huntington.
On some programs, properties across state lines can be combined, both in the bridge and in a later blanket refinance.
A blanket DSCR refinance once homes are repaired and leased, sometimes after selling a few properties.
As little as 10 days on some files, though a large package with many valuations usually takes longer.
No. Our investor loans are business-purpose loans on non-owner-occupied property.
2-3 competing quotes from 30+ capital sources. No credit pull. No commitment.
By clicking, you provide express written consent to be contacted by LendingStreet (NMLS #1734316) via SMS, phone, or email, possibly using automated technology, regarding your loan inquiry. Reply STOP to opt out. Consent is not required to obtain services. See our Privacy Policy and Terms.