Bridge loans were never very popular, you had local banks offering them as well as a few national lenders, but even when credit was the easiest there weren't a ton of bridge loan lenders. Private money lenders are the primary source of bridge loans today, and they are looking for a lot of equity remaining after they give you a loan - like still 35-40% equity remaining. You may have better luck getting better terms from local banks.
Why are you asking about a bridge loan though? Do you not have a 3-5% down payment for the new purchase?... more