A commercial bridge loan is a powerful tool that gets you to the closing table fast. Let’s get you from Point A to Point B.
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.
Let's discuss your scenario
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Or let’s say you have an unstabilized asset such as an outdated multifamily building with vacancies.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.
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DAK Mortgage is a licensed mortgage broker that can navigate you through the process of finding the right loan for your needs.
The content provided within this website is presented for information purposes only. All programs, rates, terms, and conditions are subject to change without notice. Loan approval is dependent on borrower credit, collateral, financial history, program availability, and other factors that are subject to change without notice. Other restrictions may apply. This is not an offer to lend. DA Krebs, Inc. dba DAK Mortgage | NMLS #1922428 www.nmlsconsumeraccess.org | Florida Mortgage Broker License #MBR3365 | Equal Housing Opportunity
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David A. Krebs
NMLS # 285280
DA Krebs, Inc. dba DAK Mortgage
NMLS # 1922428
1080 Brickell Avenue, #3106
Miami, Florida 33131