Bridge Funding

What is Bridge Funding?

A bridge loan is a type of private money loan used for short term financing.

Bridge Funding is a type of interim financing for an individual or business until permanent financing is obtained.

Bridge Loans are usually a bit more expensive than conventional financing to compensate for the additional risk.

Bridge financing typically has a term from 12 months to 5 years.

All credit types are considered.

Bad credit ok as long as there is equity in the collateral being pledged.

  • Fast turnaround and commitment
  • Close in five days
  • Lend for acquisition, refinance and note purchases

 

FUNDED DEAL

Developer seeks $4MM bridge loan as a first mortgage to facilitate the acquisition of a prime development site in Chicago. Developer intends to build luxury condos. The bridge loan will be repaid once permanent construction loan comes from his bank.

Result: Approved for $4MM bridge loan. Funded in fourteen days.

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