Loan Options
Bridge Loans
Bridge loans such as shorter-term loans and wholesale loans are best used when the investor buyer is purchasing a property and either has another buyer already lined up to buy the property or expects to have a quick sell. Worcester Financial is an asset based lender and will entertain all loan opportunities.
Features of Bridge Loan Program:
- Term 6-12 months (Individual loan circumstances may apply)
- Loan amounts up to 65% LTV of the current “as-is” value
- Rehabilitation loans available with loan amounts up to 70% ARV
- Most property types considered (No raw land, no residential owner occupied properties)
- First Lien Mortgage Position
- Interest Only between 10.5%-16% (annualized)
- Small origination fee usually between 2%-4%


BRRR Loans
One of the most common scenarios for real estate investors in greater Kansas City and across the U.S. is execution of the buy, rehab, rent, refinance strategy. Our “Rehab and Refinance Loan” is the perfect tool to help the buy-and-hold investor with their investment purchase.
Note: While Worcester Financial LLC is generally an asset-based lender, in the Rehab and Refinance Loans borrower credit and or financials may be reviewed and are usually a determining factor (since refinance is the main exit strategy).
Features of BRRR Program:
- Term 6-12 months (Individual loan circumstances may apply)
- 2-4 points (Points based on total loan amount, minimum fees do apply for smaller loan sizes)
- 10.5%-16% interest rate (annualized)
- Loan amounts up to 70% ARV - after repair value of the property (Borrower down payment may apply)
- For “refinance” to be an acceptable exit strategy, the borrower may be required to pre-qualify for a refinance with a mortgage broker or lender prior to closing.
- No minimum loan amount
- Most property types considered (No raw land, no residential owner occupied properties)
- First Lien Mortgage Position
Fix & Flip Loans
Do you want to flip a property? Our rehab and flip loans might be the best option for the investor who is buying, rehabbing, and then reselling the finished property.
Worcester Financial is an asset based lender. Borrower credit and/or financials may be reviewed but are usually not a determining factor.
Features of Fix & Flip Loan Program:
- Term 6-12 months (Individual loan circumstances may apply)
- 2-4 points (Points based on total loan amount, minimum fees do apply for smaller loan sizes)
- 10.5%-16% interest rate (annualized)
- Loan amounts up to 65% LTV or 70% ARV (Borrower down payment may apply)
- Rehab funds are escrowed at closing and released on a draw basis as work progresses
- Our rehab and flip loans are asset-based and are not dependent on borrowers’ credit
- Borrower credit is reviewed for our rehab and flip loans but not a determining factor for a loan
- No minimum loan limit
- Most property types considered (No raw land, no residential owner occupied properties)
- First Lien Mortgage Position
