NEED A LOAN FOR COMMERCIAL REAL ESTATE AS QUICKLY AS POSSIBLE?
A commercial bridge loan can be the perfect solution.
One of the hallmarks of a bridge loan is quickness to the closing table.
Then, once you’re past the closing table, you have enough breathing room (usually 1-2 years) to lay the foundation to exit the bridge loan and secure a lower-interest, longer-term loan.
To learn more about the power of bridge loans, read our article here.
COMMON SCENARIOS WHERE A COMMERCIAL BRIDGE LOAN CAN SAVE THE DAY
There are many scenarios where a bridge loan is ideal to satisfy pressing needs. For example:
- If you find a great deal on an office building in a prime location, a bridge loan can help you purchase it quickly before someone else snaps it up.
- Or let’s say you have an unstabilized asset such as an outdated multifamily building with vacancies. A bridge loan would give you the funds and the time to renovate and lease-up the property.
- Bridge loans are also useful to refinance a maturing loan, facilitate a partner buyout, or to get cash-out of existing properties to make other time-sensitive acquisitions. A bridge loan can even carry your business through a difficult phase such as bankruptcy.
Contact us today to see how quickly we can get you to the closing table.
Questions about commercial bridge loans?
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