Bridge Loans

Bridge loans provide short-term financing to cover expenses while awaiting permanent funding or property sale. They offer quick access to cash but come with higher interest rates and shorter terms.

What are Bridge Loans?

Bridge loans are short-term financing options designed to bridge the gap between the purchase of a new property and the sale of an existing one. These loans provide immediate cash flow, allowing you to secure a new property before your current property is sold.

Why Choose Bridge Loans?

• Quick Access to Funds

  Bridge loans offer fast access to funds, often within a few days, enabling you to act quickly in competitive real estate markets.

  Flexible Terms

  Bridge loan lenders typically offer flexible repayment terms, making them an ideal choice for borrowers who need short-term financing without the rigid requirements of traditional loans.

  Property Value Focus

  Lenders focus on the value of the property being used as collateral, rather than solely on the borrower’s credit score, making bridge loans accessible to a wider range of borrowers.

How Do Bringe Loans Work?

1. 1. Application: Submit an application detailing the properties involved and your financial situation.
   2. Property Evaluation: The lender assesses the value of the property being used as collateral.
   3. Loan Approval: If the property meets the lender's criteria, the loan is approved quickly.
   4. Funding: Funds are usually disbursed within a few days.
   Repayment: Bridge loans typically have higher interest rates and shorter repayment periods, usually 6-12 months.