Bridge Loans

Who would Benefit from a Bridge Loan and How does it Work?

Bridge Loans offer the quickest route to access cash from a property with the least amount of documentation. Most Bridge Loans can fund in under 15 days, with some even wrapping up in just 5 days. Initially, Bridge Loans were crafted to fill the financial void between selling one property and buying another, eliminating the need to sell the former first. Yet, many of our clients utilize these loans to swiftly access cash by leveraging a property’s equity. Savvy investors often channel this cash into down payments for other properties or various investment/business ventures.

If you’re eyeing an investment property but lack the necessary funds to close, a Bridge Loan is your go-to. It’s particularly advantageous if you aim to make an “all cash” property offer!  Moreover, Bridge Loans are a superior alternative to seeking an equity partner for property acquisition. By opting for Bridge Loans over equity partners, you can amplify your profits and sidestep the complexities of partnership.

Lastly, the flexibility of Bridge Loans is unmatched. Traditional loans often hinge on credit scores, but with Bridge Loans, there’s no minimum credit score prerequisite. They offer a loan-to-value ratios of 60 to 80 percent, with terms spanning from 3 months to 3 years with interest only payment options.