bridge loans

Bridge loans, also known as interim financing, gap financing or swing loans, "bridge the gap" during times when permanent financing is needed but is not yet available to the borrower typically due to poor credit.  Bridge Loans are available to Business Owners & Investors that need quick capital either to payoff an existing note or execute a rehab project while credit is in repair.  Bridge Loans are short-term and used until a business owner or investor has rebuilt credit enough to qualify for an exit strategy such as Conventional or SBA Financing. This type of financing allows the user to meet current obligations providing immediate funds by leveraging the equity in an existing property. Bridge Loans typically have 1 - 3 year terms, with relatively high interest rates and are fully secured by the users proposed Real Estate Collateral.  Business owners and investors turn to bridge loans when they are waiting for long-term financing and need money to cover expenses in the interim or cash to purchase, refinance, or rehab real estate

key features

• All Property Types Eligible

• 12-36 Month Terms

• Interest Only Payments

• Up to 75% Financing

• Loan Sizes Up to $10,000,000

• No Minimum FICO

• BK's & Tax Liens OK

• 2-3 Week Close