Short term mortgage financing that is in place between the termination of one loan and the beginning of another loan. Also, a form of interim loan, generally made between a short term loan and a permanent (long term) loan, when the borrower needs to have more time before taking the long term financing. These loans are commonly used for construction and or rehab loans but they can be used for any type of loan when time is of the essence. Rates are higher than a conventional loan because financing is short term and fewer conditions need satisfying during processing.
The program is designed to provide the flexibility of a structured loan while offering the ability to eventually lock into the most favorable permanent financing that exists for individual business needs. We specialize in loans of $100,000 to $100 million that are designed to solve problems for businesses with special needs and circumstances.
- Conventional Lending (Bridge Loans) from 6.50% to 9%
- Asset Based Lending (Bridge Loans) from 8.99% to 13%
- Two to three week Closing
- Up to 80% LTV (Conventional)
- Up to 70% (Asset Based)
- Equity Participation Structured Financing
- Interest Only Payments
- Loan Terms From 6 to 36 Months
We have a long list of quality lenders nationwide, each specializing in different areas suited for their expertise including securities, commercial real estate, accounts receivables, factoring, equipment used in your business and many others.
We offer loans for any type of real estate situation where a quick closing is needed. With the right bridge loan provided you can have the cash you need in a hurry. Apply online today to get the loan process started. If you have any questions about the bridge loans, please feel free to contact us today.