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How To Get A Bridge Loan

A bridge loan works like a short-term loan you can get for a period of 2 weeks to 3 years pending permanent financing or to remove an existing funding obligation.

How Does a Bridge loan work

Bridge loans usually bridge the gap during times when financing is needed but not yet available. How does a bridge loan work? Well, they do provide immediate cash flow and usually require some form of collateral, such as real estate or inventory. 


Bridge loans are the best solution for immediate capitalisation on a timely acquisition or business opportunity because they allow for quick action by clients. These loans can be used for acquisition, buy-outs, foreclosures, cash out and construction. 

Both large or medium sized corporations and individuals use bridge loans and lenders often customize these loans for many different types of situations. 

Bridge loans typically have a faster application, approval, and funding process than traditional loans. However, these loans tend to have relatively short term, high interest rates, and large origination fees.

Who uses bridge loans? 

Businesses

For instance, a company doing a round of equity financing expected to close in 6 months, may opt for a bridge loan to provide working capital to cover its payroll, rent, utilities, inventory costs, and other expenses until the closing of the equity funding round.

Real Estate

If a buyer has a lag between the purchase of one property and the sale of another property, they may turn to a bridge loan. Typically, lenders only offer real estate bridge loans worth 80% of the combined value of the two properties, meaning the borrower must have significant home equity in the original property or cash savings on hand.

FAqs

a) How to get a bridge loan

We have USA national and private bridge loan lenders available to meet our clients needs. They specialize in creative short-term bridge loan solutions for qualified clients who have an urgent need for funding. Simply tell us of your interest and how much you need and we will help you get a bridge loan.

Funding range: from USD $1M to USD $50M

Funding duration: within 30 days of the receipt of an executed Letter of Interest 

Underwriting: up to 90% financing, dependent upon the situation and property type. 

Loan term: for 1 month to 12 months (extensions are possible; up to 36 months, with extension options incorporating rate step-ups and extension fees). 

Interest rates: floating rate over Prime or LIBOR (dependent upon property type, cash flow predictability, rollover, sponsorship, loan-to-value, debt service coverage, nature of the security interest, and potential exit strategies).


b) What can you finance using a bridge loan?

Bridge loans can be uses for business expansion or restructuring, foreclosures and foreclosure avoidance, partnership disputes; partner or equity buyouts, judgment payoff, rehabilitation and renovations, sale-leaseback, refinancing, tax lien payoff, bankruptcy resolutions, debt restructuring, bank workouts, business merger and/or acquisitions, e.t.c.

Need a USD $1M or larger Bridge Loan? Let us help you now with your bridge loan financing needs.

Please email have your Business plan/ Executive summary or PPM or any other information you have regarding your funding needs ready for when we request it.

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