Bridge Loans are commonly utilized to take advantage of repositioning, Value-Add, or Rehabilitation opportunities in the Real Estate Industry. They are named “Bridge” Loans because they serve as a temporary solution to address cash flow issues during challenging times. These Loans offer fast access to Liquidity without any severe consequences, helping Investors “Bridge” the gap between their short-term Financing needs and their long-term goals. Bridge Loans can also enable Investors to access Capital quickly while they wait to receive Funds from the sale of their Property.
HMMM… WHAT ELSE?
A Bridge Loan can also assist Investors in preventing Liquidity problems, particularly for Vacant Buildings, Special Purpose properties, and significant Rehabilitation Projects. Despite their relatively high-Interest Rates, Bridge Loans are an attractive option for Investors looking for rapid Funding due to their speedy processing times. Whether an Investor is seeking to Refinance or Purchase a property, a Bridge Loan can help them manage costs until they sell the Property or secure a more suitable Financing option.
BRIDGE LOAN OPTIONS:
SMALL BALANCE OPTION:
Rates Starting at 9.99%
Loan Size: $100,000 and up
Terms: up to 5 years
Leverage: Up to 65% of Current Value (Up to 100% w/Additional Collateral)
HIGH BALANCE OPTION:
Rates Starting at 8.79%
Loan Size: $1MM – $100MM+
Terms: 3 – 6 Months
Leverage: Up to 80% LTC / 75% LTV
OTHER PROGRAM OPTIONS:
No Appraisal Programs available
No Credit Score Programs available
Non-Recourse options available
Rush Closings: can close within just a few days if needed