Category: Bridge Loans

WHAT DOES A COMMERCIAL BRIDGE LOAN LOOK LIKE?

  We continually get calls & emails from lenders looking for deals to fund.  This is normal – the pulse of our business.  But in the last couple months the tempo has quickened.   We can arrange funding for a variety of loan types and match them to the type of product and circumstance.  Also, different type of lenders are more or less active/aggressive at any point in time depending on their circumstances and market conditions.   One of the loan types that has come into demand lately is a bridge loan.  They’re typically used in situations where there’s stress...

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SALE PROCEEDS: CROSS – COLLATERAL LOAN

Have heard of a bridge loan but you’re what they are? Are they loans to build a bridge? Well, maybe, but not in the sense we are going to talk about. A bridge loan works nicely if you need the proceeds from the sale of your current home to purchase a new home. In essence, the bridge loan gives you an advance of the proceeds from the sale of your home to purchase the new home. It is a temporary loan to help you purchase a new property without selling your current property. You typically need a lot of equity...

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