Sherman Bridge is New Western’s partner and lending marketplace with proven lenders who offer competitive loan options for your next deal.
Submit a quick prescreen.
Receive prompt preapproval from lenders that match your loan needs.
Choose a lender and close your transaction.
Can I still get financing even if my credit isn’t great?
Yes. Obviously credit doesn’t matter if you’re a cash buyer. But, if you’re like many who need help funding investment properties, you can explore financing from private and hard money lenders who have much lower credit requirements than a typical conventional lender.
Can I get a loan for both the purchase and the rehab of my investment property?
Yes. It’s important to ask your lender about alternatives as most offer a variety of leverage options – from purchase only to funding up to 100% of the total cost (purchase and rehab). The total loan value is typically determined by the estimated ARV.
When should someone use a hard money lender?
Hard money makes the most sense for investors needing short-term loans quickly without a lot of hoops to jump through. Flippers in particular are strong candidates as they own properties just long enough to increase the value before selling to a new homebuyer.
Does New Western provide financing?
No. New Western does not provide financing. However, we work with a variety of lenders and can connect you with several that specialize in financing real estate investment properties. Our partner and lending marketplace, Sherman Bridge, offers New Western investors fast, reliable funding in most markets we serve. Your New Western agent can also put you in touch with preferred local lenders in your market.
