Savannah is a moderately priced market, so a $1M+ bridge loan here almost never means one ordinary house. It means a group of rentals, a historic building with several units, a high-end downtown townhouse, or a portfolio of short-term loans coming due at the same time. Each of those needs a lender who can move quickly and plan the exit.
In short: LendingStreet offers residential investor bridge loans in the Savannah area from $1M to $5M+ on 1-8 unit properties, with rates from 7.99%, interest-only payments and closings in as little as 10 days. Larger balances usually need a full valuation and are reviewed case by case. In Savannah, large balances usually finance packages of homes, small multi-unit buildings and historic properties, or pay off several maturing loans at once, with exits by sale or into a blanket, DSCR or jumbo DSCR loan.
Savannah's growth has drawn investors who build portfolios quickly, often with a separate short-term loan on each house. When several of those loans mature together, or a seller offers a package, a single large bridge loan can be the cleanest solution.
High-end properties are a smaller share of large loans here than in pricier coastal markets, but they exist: restored townhouses on the squares, homes on Isle of Hope and marsh-front properties on the islands.
A common Savannah situation: an investor has seven homes financed with separate fix-and-flip or bridge loans. Some are finished and leased, some are mid-renovation, and the loans mature within a few months of each other. Refinancing each one into a DSCR loan is not possible until all are leased.
A large bridge loan can pay off all of them at once, carry the group interest-only while the last renovations finish and units lease, and then hand off to a blanket DSCR loan. One closing replaces seven payoffs, and the investor has time to finish the work properly.
This example is illustrative and not a quote. An investor owns seven homes in Midtown, Garden City and Pooler with about $1,180,000 in maturing short-term loans. The homes are worth about $1,900,000 as-is. A bridge loan of $1,230,000 pays off the existing loans and closing costs, and the investor funds the remaining renovations.
Estimated monthly interest is about $10,762, or about $64,575 over 6 months. Once all seven homes lease at about $1,950, rent totals $13,650 a month and the group is worth about $2,050,000. A blanket DSCR loan of $1,230,000 pays off the bridge. Estimated principal and interest is about $8,391; with taxes of about $2,050 and insurance of $1,330 a month, the total is about $11,771, for a DSCR of about 1.16x.
| Item | Amount |
|---|---|
| Maturing loans paid off | $1,180,000 |
| As-is value (7 homes) | $1,900,000 |
| Bridge loan | $1,230,000 |
| Estimated monthly interest | $10,762 |
| Interest over 6 months | $64,575 |
| Rent after lease-up | $13,650 |
| Stabilized value | $2,050,000 |
| Blanket DSCR refinance | $1,230,000 |
| DSCR at refinance | 1.16x |
Residential investor bridge loans run from $150,000 to $5M+, with larger balances reviewed case by case. Payments are interest-only, terms are short, and rates start from 7.99%. Closings can happen in as little as 10 days when title and valuation are ready.
Savannah closings are handled by attorneys, as is standard in Georgia, and the closing attorney coordinates payoffs of any existing loans. Larger balances usually need a full appraisal, and a package needs an appraisal on each property. Lenders generally size the loan on the lower of purchase price and appraised value for purchases, and on appraised value for refinances.
Downtown and Victorian District buildings are some of Savannah's most valuable properties, but exterior work needs historic review, and older structures can hide problems behind plaster. A bridge loan on a historic multi-unit building should include a realistic schedule for approvals and a contingency for surprises.
Interior unit renovations usually move faster. Contractors experienced with historic Savannah buildings are in demand, so line one up before closing.
Valuation can also take longer. Unique historic buildings may have few direct comparable sales, so give the appraiser recent sales, rent rolls and your renovation scope to support the value.
Georgia's intangible recording tax applies to long-term notes, those with a maturity of more than three years, at $1.50 per $500 of loan amount up to $25,000. Many short-term bridge loans fall under that threshold, while the permanent DSCR or blanket loan that follows usually does not, so budget for it at the refinance. A transfer tax applies to property purchases.
Choose the exit before you close. Packages and consolidated portfolios usually exit into a blanket DSCR loan once leased. Multi-unit historic buildings can refinance into a DSCR loan for 2-4 or 5-8 units. High-end townhouses and island homes often rent for less than a long-term loan at normal leverage needs, so they exit by sale or by a jumbo DSCR loan at lower leverage.
Whatever the exit, run it on today's rents and conservative values. If leasing or renovation runs long, talk to us before maturity; extension options, where available, are easier to arrange early. See our bridge-to-DSCR guide for how the handoff works.
Send the property addresses, payoff letters or purchase contract, renovation status for each property, insurance quotes and your exit plan. Call (877) 298-1001 or use the form below and we will tell you quickly whether the deal fits.
About $1M to $5M+. In Savannah that usually means several properties, a multi-unit building or a high-end home, since a single ordinary rental rarely needs that much.
Yes. A group of 1-8 unit rentals can be refinanced together with one bridge loan and later moved into a blanket DSCR loan once every property is finished and leased.
Usually, yes. Larger balances generally need a full valuation, and packages need an appraisal on each property.
Rates start from 7.99%. Terms depend on leverage, experience and the exit plan.
In as little as 10 days when title, valuation, insurance and documents are ready.
It applies to notes with a maturity of more than three years. Many short bridge loans fall under that, but the permanent loan that follows usually does not.
Yes, if it is 1 to 8 residential units. Plan for historic review on exterior work and build extra months of interest into your budget for approvals.
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.