Bridge Loans

Bridge loans are often used for commercial real estate purchases to quickly close on a property, retrieve real estate from foreclosure, or take advantage of a short-term opportunity in order to secure long-term financing. Bridge loans on a property are typically paid back when the property is sold, refinanced with a traditional lender, the borrower's creditworthiness improves, the property is improved or completed, or there is a specific improvement or change that allows a permanent or subsequent round of mortgage financing to occur. The timing issue may arise from project phases with different cash needs and risk profiles as much as ability to secure funding.

A bridge loan is similar to and overlaps with a hard money loan. Both are non-standard loans obtained due to short-term, or unusual, circumstances. The difference is that hard money refers to the lending source, usually an individual, investment pool, or private company that is not a bank in the business of making high risk, high interest loans, whereas a bridge loan refers to the duration of the loan.

 

we lend Bridge Loans on the follwoing properties

Shopping Center Bridge Loans

Office Buildings Bridge Loans

Apartment Buildings Bridge Loans

Multi Family Bridge Loans

Land Bridge Loans

Mixed Use Bridge Loans

Mixeduse Bridge Loans Hard Money Loans

 

 


MONEY NEWS

BUSINESS NEWS

CONSULTATION

*Your Name

Telephone

*Email

*Message


TRANSACTIONS

Brooklyn, NY
Loan Amount: $1,250,000
Brooklyn, NY
Loan Amount: $500,000
View all