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Bridge Loans

Introduction to Bridge Loans: Bridge loans serve as a short-term financing solution to bridge gaps between immediate financial needs and longer-term financing solutions. Real estate investors often use bridge loans to cover expenses while waiting for a property sale or a more permanent financing option.

How Bridge Loans Work: When faced with time-sensitive opportunities or cash flow gaps, investors apply for bridge loans. These loans are typically secured by the value of the existing property. Investors receive the funds quickly, addressing immediate needs. Once the permanent financing is secured, the bridge loan is repaid.

Benefits of Bridge Loans:

  • Rapid access to funds for urgent financial needs.
  • Flexibility to take advantage of time-sensitive opportunities.
  • No need to sell properties quickly at discounted prices.

Considerations for Bridge Loans:

  • Generally higher interest rates due to the short-term nature.
  • Exit strategy required to repay the loan within the loan term.
  • Close coordination needed for smooth transition to permanent financing.

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