Navigating housing investments and bridge loans in Oklahoma can seem daunting at first. That’s why we’re here to simplify the process! Whether you’re looking to fix and flip or need some extra support for a big move, our experienced team is ready to provide you with the information and lending resources you need for your home, work, or life transition.
What is a Bridge Loan? OK Bridge Loans
Get the Money You Need, And Fast
Boomerang is your bridge loan lender in OK. A bridge loan provides a short-term solution until you can secure permanent financing or need financing to help you transition from one house to another. Homeowners can often be faced with sudden transitions due to a work relocation or other life events and a bridge loan could help make it financially possible. These types of loans are also perfect for fix and flip situations. When you’re ready to make your move, don’t get held up by financing. At Boomerang Capital, we can execute fast and help you turn an opportunity into a reality in Oklahoma.
Quick and Dependable
No Prepay Penalty
Hard Money Lenders in Oklahoma
As the housing market in Oklahoma continues to expand, so do opportunities for investment through hard money lenders. As of 2021, Oklahoma is one of the cheapest housing markets in the United States due in part to its large amount of flat land continuing to be developed. However, home prices in Oklahoma have been rising steadily each year, particularly in Oklahoma City as home buyers continue to outnumber sellers. This gives fix & flip investors in Oklahoma the potential for more leverage on their eventual sale. Currently, average loan amounts in Oklahoma are hovering around $294,999 with an 11.1% mean interest rate. Most Oklahoma bridge loans have an average term length of 22 months. Contact us today for more information on the Oklahoma lending market, or request a quote to get started on your loan!
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