Why the appraisal is the slowest part of your bridge loan
On a conventional bridge timeline, ordering, scheduling, and receiving a full appraisal consumes 7 to 14 days — usually more than every other step combined. When you are buying at auction, racing a competing cash offer, or facing a hard contract deadline, that is the difference between winning and losing the property.
No-appraisal bridge programs replace the full appraisal with a broker price opinion (BPO), desktop valuation, or interior/exterior inspection. The lender still validates value — they just do it in 24 to 72 hours instead of two weeks.
How LendingStreet places no-appraisal bridge deals
Not every bridge lender offers a no-appraisal track, and the ones that do change their criteria frequently. LendingStreet's marketplace includes multiple capital sources with active no-appraisal and desktop-valuation bridge programs. We match your deal to the source whose valuation method, leverage, and timeline fit, then bring back the best 2–3 quotes — typically inside 48 hours.
Typical terms across the marketplace: up to 90% LTC, $200K–$20M, 5–10 day closes, no prepayment penalty on most programs, and 100% rehab financing where the exit is a flip or a bridge-to-perm refinance.
No credit pull. No commitment. Investment properties only.
When a no-appraisal bridge is the right tool
Auction purchases with non-negotiable closing dates. Competing-offer situations where a 10-day close wins the contract. Payoff deadlines on maturing debt. Partnership buyouts and time-sensitive cash-out scenarios where weeks matter more than basis points.
If your deal can wait 3 weeks and pricing is the only priority, a standard appraised bridge or even a DSCR refinance may price better — we will tell you which placement is cheaper when we run your scenario.
Frequently Asked Questions
Can I really get a bridge loan with no appraisal?
Yes. Several of the 30+ capital sources in LendingStreet's marketplace underwrite bridge loans using interior/exterior valuations, BPOs, or desktop valuations instead of a full appraisal. Skipping the appraisal typically saves 7 to 10 days, which is the difference between a 10-day close and a 3-week close.
How fast can a no-appraisal bridge loan close?
Typical closings run 5 to 10 days from term sheet. On clean files with clear title and an organized payoff, closes inside a week are achievable. Speed-sensitive auction and competing-offer acquisitions are the most common use case.
What leverage is available on bridge loans through LendingStreet?
Up to 90% loan-to-cost on purchase bridge, with 100% rehab financing available on fix-and-flip structures. Loan amounts run from $200K to $20M across the marketplace.
What credit score do I need?
Most bridge capital sources in the marketplace work from a 660+ FICO. Lower-credit scenarios can sometimes be placed with specialty sources depending on equity, experience, and exit strategy.
Why use a marketplace instead of going straight to one bridge lender?
A single lender has one credit box and one timeline. LendingStreet places each bridge deal with the fastest-fitting of 30+ capital sources and brings back competing terms, typically inside 48 hours, so you are not betting the deal on one underwriter's calendar.