Commercial Loan Broker Program: Custom Private Mortgage Solutions
We customize our bridge loans to your clients’ unique needs and situations and provide you with compelling referral and brokerage fees.
Why partner with Vaster?
Our goal is to create long lasting relationships with our brokers by providing competitive terms and white-glove customer service to you and your clients.
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A Partnership You Can Trust
The relationship between you and your client will always be protected and respected.
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Grow Your Pipeline
Offer your clients a creative financing solution and prevent deal fallout.
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Complex Deals Made Easy
We specialize in complex transactions and ownership structures.
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Compelling Commissions
We offer competitive referral fees to create a profitable long-term relationship with our brokers.
“My experience with Vaster has been nothing but professional and most rewarding… George Fraguio is a talented representative who is extremely thorough and covers all aspects of lending. We continue to finance demanding projects and Vaster will shine above”
— Ken Klein, Commercial Consultant, The QKapital Group
"Working with Vaster has always been a great experience. They are a local lender that understands the market and want to make deals work."
— Manny Gutierrez, President, Dark Horse Home Loans
Competitive Pricing in Today’s Volatile Market
Finance up to 65% of the property value and close in days, not weeks.A bridge loan (also known as a private money loan) is a short-term loan designed to help investors fund their real estate transactions as quickly as a cash offer might.
Program Overview:
- Up to 65% financing
- No max loan amount
- 12-36 month terms
- Fixed and variable rates available
- Title must be held by LLC/Corp
- No income verification
- No minimum credit score
- No DSCR ratio
- Available for foreign nationals
- For investment properties only
- Only available for properties in Florida and New York
A bridge loan is primarily used as a short-term solution to finance real estate until permanent financing is secured.
It can also be used in cases when your client:
- Requires financing over $2M
- Wants to acquire a new property while they wait for their existing property to sell
- Has a contractual obligation that requires a fast closing
- Is purchasing land and is pending approval for a construction loan
- Is buying a new construction condo or condotel that is not Fannie-Mae approved (Non-warrantable condo)
- Is a foreign national with unverifiable income and no U.S. credit history
- Does not meet debt service coverage ratio to qualify for DSCR loan
Qualifications for a bridge loan depends on 3 factors: collateral, borrowing entity, and financial strength of the borrower.
The good news is that Vaster uses common-sense underwriting to deliver quick decisions to our brokers. Contact us for a quick quote.
Your client can close in as little as 10 business days, once a full loan submission is received.
A full loan submission includes*
- Completed and signed loan application
- Copy of valid government issued IDs
- Copy of valid visa status (for foreign nationals)
- Executed purchase contract (if applicable)
*Submission requirements may vary by asset type
The best part about partnering with Vaster is that there is no broker package required! Start submitting deals instantly and get loan approvals in less than 24 hours.
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