Need Short-Term Money?
Bridge loans are short-term real estate loans that give property owners time to complete a project—such as improving the property, finding a new tenant, and selling the property.
The typical commercial property bridge loan has a term of six months to one year, although lenders will grant the owner the option to extend to an additional six months to one year or longer.
These loans are more expensive, but most of them have no prepayment penalties. Commercial property bridge loans are typically paid off when the owner places permanent financing on the property, after the improvements are completed, and the new tenant(s) move into the property.
Bridge loans can provide investors and property owners quick funding for:
- Discounted pay-offs
- Foreclosure Purchase
- Refinancing a Maturing Loan
- Pay Off Tax Liens
- Make Property or Tenant Improvements
- Properties that Do Not Cash Flow
- Construction Loan Take Outs
- Vacant Buildings
Contact us today and let us help you make the right choice for your business needs.