Bridgeloans Apartment Buildings

bridge loan is interim financing for an individual or business until permanent financing or the next stage of financing is obtained. Money from the new financing is generally used to "take out" (i.e. to pay back) the bridge loan, as well as other capitalization needs.

Bridge loans are typically more expensive than conventional financing, to compensate for the additional risk. Bridge loans typically have a higher interest rate, points (points are essentially fees, 1 point equals 1% of loan amount), and other costs that are amortized over a shorter period, and various fees and other "sweeteners" (such as equity participation by the lender in some loans). The lender also may require cross-collateralization and a lower loan-to-value ratio. On the other hand they are typically arranged quickly with relatively little documentation.

 

 

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


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