Bridge Loan Commercial Real Estate
Get bridge loan commercial real estate short-term financing for your business until permanent or another stage of financing can be obtained.
Due to the increased risk, bridge loans usually have higher interest rates. The bridge loan lender may also require cross commercialization, and a lower loan-to-value ratio, but they are typically arranged with relatively little documentation.
Benefits of Bridge Loan
- USED FOR PURCHASES
- ASSIST WITH REFINANCING
- CONSOLIDATE YOUR DEBT
- MAKE PROPERTY IMPROVEMENTS
- PROVIDE YOU WITH WORKING CAPITAL.
These loans are generally for.
- LOAN SIZES $ 500,000 TO $20,000,000
- LOAN PURPOSE: PURCHASE
- TERMS 6 TO 60 MONTHS
- LOAN PURPOSE: REFINANCE
- RATES – 7% TO 10%
- LOAN PURPOSE: CASH OUT
- LOAN TO VALUES TO 80%
- CREDIT: MOST CREDIT CONSIDERED