A bridge loan is often obtained by developers to carry a project while permit approval is sought. Because there is no guarantee the project will happen, the loan might be at a high interest rate and from a specialized lending source that will accept the risk. Once the project is fully entitled, it becomes eligible for loans from more conventional sources that are at lower-interest, for a longer term, and in a greater amount. A construction loan would then be obtained to take out the bridge loan and fund completion of the project.[3]
A consumer is purchasing a new residence and plans to make a down payment with the proceeds from the sale of a currently owned home. The currently owned home will not close until after the close of the new residence. A bridge loan allows the buyer to take equity out of the current home and use it as down payment on the new residence, with the expectation that the current home will close within a short time frame and the bridge loan will be repaid.
A bridging loan can be used by a business to ensure continued smooth operation during a time when for example one senior partner wishes to leave whilst another wishes to continue the business. The bridging loan could be made based on the value of the company premises allowing funds to be raised via other sources for example a management buy in.
A property may be offered at a discount if the purchaser can complete quickly with the discount offsetting the costs of the short term bridging loan used to complete. In auction property purchases where the purchaser has only 14–28 days to complete long term lending such as a buy to let mortgage may not be viable in that time frame whereas a bridging loan would be.

We Offer Bridge Loans On The Follwoing Property Types

Bridge Loans Shopping centers

Bridge Loans Apartment Buildings

Bridge Loans Multi Family

Bridge Loans Apartment Buildings

Bridge Loans Multifamily all over the country

Bridge Loans Land

Bridge Loans office buildings

Bridge Loans mixeduse

Bridge Loans mixed use No appraisel required in new york city

Bridge Loans brooklyn

Bridge Loans queens

Bridge Loans newyork

Bridge Loans bronx

Bridge Loans staen island