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Commercial Bridge Loans

 

We help investors just like you!  A bridge loan is the perfect solution for many commercial investors and business owners.  In simple terms, it is a short term real estate loan that allows time for the borrower to complete a task in order to obtain permanent financing.  The task might be selling one property in order to purchase another property, finding a new tenant, or making improvements to a property. 

 

 

A Bridge Loan Offers Solutions for Commercial Investors

Maximum Flexibility

Quick Cash to Complete a Project

Few Limitations on the Use of Funds

Restructure Current Obligations

Create a “bridge” to fill the gap until permanent financing can be obtained

Get Capital to Purchase Commercial Property

Purchase a New Property Before Old Property is Sold

Get Real Estate out of Foreclosure

Make Needed Improvements to Increase Value and Increase Lease Income

 

Every day we have companies ask us for quotes for temporary business loans until they can obtain permanent financing!  If your business needs money, working capital to expand or just to make payroll then contact us today for a free quote from experienced lenders!

 

          

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Bridge Loans can be an effective tool in obtaining your commercial real estate goals.  This is a secured loan, with the collateral most often being real estate.  The typical term for this type of financing is six months to one year, however lenders may grant an extension option, with a fee anywhere from ½ point to 2 points.   These loans are typically more expensive than permanent loans and are paid off when permanent financing is obtained.   There is generally no pre-payment penalty.  There are several types of lenders that we will look to for temporary financing.  If you have excellent credit and sound financials, banks are an option, otherwise you may find bridge loans through Opportunity Funds and Hard Money lenders specializing in this type of loan.   

 

Been turned down by banks?   Don’t worry, our experts will connect you with the type of lender that will get capital flowing and get your project off the ground!

 

 

Bridge Loans often work when conventional financing is not feasible.  For example,   you own a small retail commercial strip.  The strip is older and out of date, and currently only two of the four retail spaces are leased.  However it is in a good location with a lot of potential.  It may only qualify for a $450,000 traditional refinance loan based on the current rental income.  You might therefore apply for a $700,000 bridge loan to pay off the existing $300,000 mortgage and to pay for $400,000 in construction improvements.   When construction is complete and all units are leased, at a much higher rate than before, the building might qualify for a tradition loan of $700,000 or more.    You might be able to create higher positive cash flow and your property might be worth a lot more money than before.  This is just one of the many instances where a bridge loan would work great! Write us if you have any more questions about bridge loans or any other type of loans for your business whether it be start up loans and financing for existing businesses.