COMMERCIAL BRIDGE FINANCING
These short term loans are usually for a period of 12 to 24 months. They are not a permanent solution to your Commercial refinancing but are a great vehicle for temporary needs such as property turn-around, value adding or stabilization. These types of bridge loan programs typically have better interest rates than many hard money loans but higher rates then a bank loan. When you can’t find any other type of financing in a difficult situation or when you just need a short term loan, they are the perfect solution.
We have a special program for Jumbo Bridge Loans in the states of California, with an excellent interest rate of 7% to 8%. This commercial loan program has no prepayment penalty and a term of 24 months.
A conventional lender underwriter won’t touch these; special purpose properties, vacant buildings, high rental vacancies or major rehabs. We arrange Commercial Bridge Loans that will provide financing on all of the above, tailored to fit your special needs. This gives you the time needed to finish the project, rent up the building, provide tenant improvements, improve your financials and helping to set up your property for a conventional bank loan. Then when you are ready we have a loan for that, too.
COMMERCIAL BRIDGE LOAN PROGRAMS
- Office Buildings
- Retail Centers
- Office Condos
- Strip-Mall
- Shopping Centers
- 5+Apartments Units
- Multifamily Units
- Industrial Property
- Industrial Condos
- Automotive Properties
- Car Washes
- Daycare (send interior pictures)
- Mixed-Use Property…and more….
SPECIALTIES – These scenarios are OK!
- Non-Stabilized Properties
- Opportunity Purchases
- Non-Cash Flowing Properties
- Foreclosure Purchases
- Foreign Nationals
- Quick Closings
If your credit is fair and bridge or hard money isn’t a fit or you need something outside of conventional commercial lending we have a loan for that.