What Are Bridge Loans?
Bridge Loans provide short-term financing solutions for investors who need to close quickly on a property or secure temporary funding while arranging long-term financing. These loans help bridge the gap between buying and selling properties, allowing investors to take advantage of time-sensitive opportunities. Whether you’re transitioning to a permanent loan or waiting for property appreciation, Bridge Loans provide the liquidity required to move forward confidently.
Key Features:
- Loan Amount: $250,000 – $1,000,000
- LTV: Up to 80%
- Interest Rates: 8% – 12%
- Loan Term: 12 to 36 months
- Interest-Only Payments Available
Benefits:
- Flexible repayment terms
- Fast closings to capitalize on investment opportunities
- Ideal for properties undergoing transition
Eligibility Requirements:
- Investment or commercial properties only
- Strong exit strategy required