Bridge Loans
Ideal for investors or businesses needing immediate funds, bridge loans are structured to offer quick access to capital for acquisitions, renovations, or other urgent real estate needs. With flexible terms and competitive rates, these loans provide critical financial support to complete time-sensitive projects without disrupting cash flow. Bridge loans are also a versatile option for seizing new opportunities, allowing borrowers to secure properties, enhance value through improvements, or complete transactions while awaiting long-term financing. This short-term solution enables you to act decisively and maximize opportunities in a competitive real estate market.
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Top Bridge Loan Lenders for Real Estate
Purpose of Bridge Loans
Bridge loans offer temporary financing to cover gaps between buying and selling properties or completing projects before securing permanent funding.
Who Can Benefit
Ideal for investors, businesses, and property developers needing immediate capital for acquisitions, renovations, or urgent real estate investments.
Flexible Loan Terms
Typically, bridge loans come with flexible terms and repayment structures, giving borrowers the option to customize according to their project needs.
Quick Access to Funds
Designed for speed, bridge loans are often approved and funded faster than traditional loans, helping borrowers move quickly on time-sensitive deals.
Short Loan Duration
Generally lasting from a few months to up to a year, bridge loans are short-term solutions intended to cover immediate financing needs until permanent funding is available.
Interest Rates
Bridge loans often come with higher interest rates due to their short-term nature and structure. Borrowers should weigh costs against the benefits of quick access to capital.
Collateral Requirements
Bridge loans are usually secured by the real estate being acquired or other assets, providing security for lenders and making approval more accessible for borrowers.
Exit Strategy
An essential part of bridge loan approval, borrowers typically need an exit plan, such as property sale or refinancing, to repay the loan at the end of its term.
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FAQ
Most frequent questions and answers
A bridge loan is a short-term financing solution that helps cover costs until long-term funding is secured. It’s commonly used in real estate to “bridge” the financial gap when buying a new property before selling the current one.
Bridge loans are ideal for real estate investors, developers, or business owners who need immediate capital for acquisitions, renovations, or short-term project financing.
Bridge loans are designed for quick approvals and funding. Depending on your application and property details, funds can be available in as little as a few days to two weeks.
Bridge loans generally have terms between 6 to 12 months. However, specific terms vary depending on the project and borrower needs, and some loans may extend up to 18 months.
Typically, the property being financed serves as collateral, but additional assets may be considered. Collateral requirements depend on the loan amount, the property’s value, and the borrower’s financial profile.
Interest rates on bridge loans are generally higher than traditional loans due to the short-term nature and fast approval process. Rates vary based on market conditions, loan duration, and borrower qualifications.
Yes, bridge loans are often used for renovations or value-add projects, helping investors improve a property before refinancing or selling.
An exit strategy is a plan for repaying the bridge loan, typically through the sale of a property, refinancing, or securing long-term financing. Lenders require a clear exit strategy to ensure the loan will be repaid at the end of its term.
Bridge loans offer faster funding and more flexible terms than traditional loans, making them suitable for short-term needs. However, they usually come with higher interest rates and shorter repayment terms.
Yes, bridge loans may include fees for origination, appraisal, and closing costs. We provide a transparent breakdown of any fees, so you know what to expect upfront.
Yes, bridge loans can be used for both residential and commercial properties, depending on the lender’s criteria and the project’s specifics.