Commercial Bridge Loans are a flexible loan used by commercial real estate investors on a short-term basis. A Commercial Bridge Loan typically bridges a gap between the purchase of commercial real estate and the investor’s exit strategy, typically selling the project or refinancing it, can be executed.
Commercial property investment is a complex, multi-faceted process. Bridge loans (also called commercial mortgage bridge loans, bridge loans, bridge financing, and construction bridge loans) are often a necessary tool for quickly taking advantage of a new opportunity.
Eligible deals must be 1st position mortgages on a wide variety of commercial real estate with loans between $30,000 and mm. general terms begin with interest rates starting at 7.50% for a fully amortizing 30 year fixed commercial mortgage. Some program highlights include:
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Function of a Bridge Loan. Bridge loans are short-term financing vehicles intended to cover a gap between the time you purchase a new home and sell the old one. Six months is a typical time frame for a bridge loan. Homeowners use bridge loans to obtain cash for a down payment on a new house quickly.
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Commercial Observer can first report. The one year bridge loan was provided by Emerald Creek Capital and will be used to refinance a $37.5 million loan provided by Cathay Bank in June 2015. The loan.
Bridge loans are temporary loans, secured by your existing home, that bridge the gap between the sales price of a new home and the homebuyer’s new mortgage in the event the buyer’s existing home hasn’t yet sold before closing. In other words, you’re effectively borrowing your down payment on the new home.
Bridge loans are often used for commercial real estate purchases to quickly close on a property, retrieve real estate from foreclosure, or take advantage of a short-term opportunity in order to secure long-term financing. Bridge loans on a property are typically paid back when the property is.
Many times a company is approved for a loan through its bank, or financial institution, but the loan doesn’t close for 4-6 months. During that time we can provide a short-term bridge loan, which will be paid back when the senior loan closes, so your short-term financial needs can be met.