Also known as a hard money loan when it comes to real estate investment purposes. It’s a short term form of financing which can bridge the financial gap. Especially between the buying price and the amount of money you have at hand. In commercial real estate, a bridge loan can be also used until you have more permanent financing. Like a traditional 30 year mortgage. Bridge loans are often used by rehabbers. Or for someone who needs to buy a commercial property – but can’t qualify immediately.
We have sources that can fund commercial real estate loans that don’t meet bank standards in today’s market and for borrowers who don’t have the patience to wait. These can fund within 10 days. A bridge loan fund, which you can get through us, can be structured in many ways. Generally, the money you take from a bridge lender will be also used to help buy a new investment property. Generally, a bridge loan fund lasts only a few months, up to 1-2 years. For example, if your new investment property is worth $500,000, and you only have $200,000. You can get a commercial bridge loan for the remaining amount.