Commercial Bridge Loans for Your Short-Term Real Estate Opportunities
When we talk about bridge loans we are normally talking about opportunity costs with commercial real estate. There is an opportunity that exists and we want to jump on it while it is still available before someone else does. We may also be talking about a scenario in which we have to bridge a gap between where you are right now and where you want to go. Hence the term “bridge loan”.
Banks and other long-term lenders usually look at the last three years of financials to see if there is proper cash-flow and collateral needed to fulfill their lending requirements for a project. There are times when the financials are not currently sufficient or have not been sufficient for a long enough time period to appease a bank or long-term lender. This is exactly why “bridge” financing exists and where we have solutions for the right opportunity.
Commercial Bridge Loan Success Stories
Fix & Flip Bridge Loans For An Out-Of-State Investor Purchasing An 8-Unit Building
Fix and flip bridge loans have helped many out-of-state investors looking to purchase multi-unit properties like our client. This investor was used to doing deals with US Bank on multi-family properties across the country. However, since the pandemic, US Bank ...
Auto Repair Business With Nowhere To Go Until We Got Him A Bridge Loan
The owner of an auto repair business in Highland Park, IL whose lease was up soon, was sick of paying rent and found a nice building to purchase down the street. He went to his bank to get a loan ...
$425,000 Working Capital Loan to Aerospace Company in Second Position!
Our client owned an aerospace machine shop that had just been awarded a very lucrative government contract. He now needed the funds to purchase materials and pay the labor force while waiting for initial payment from the government. He went ...
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