Bridge Loans – Finance Properties

Real Estate Bridge Loans

Lowest Rates In The Industry

2 Weeks To Close

Bridge Loans Explained

Short term loan used to purchase new property while another property is being sold.
Usually when a person is moving to a new house and their current one has not been sold yet
1-3 year loan length.
Fixed and floating rate options
No hidden fees or prepayment penalties

Bridge Loans Are Fast & Easy

2 weeks to close
Minimal paperwork
Secured by your current property
Cash out refinancing for any business purpose
Options for investors and individual home owners
Often funds are used as down payment on new property

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Rates on these loans are typically the prime rate plus 2 percentage points. The rates are that low because the loan is secured by the property. In the event of a default the lender can seize the property to recoup their losses.

These loans are an ideal solution when a person wants to buy a new house but their current house has not sold yet.

Example Properties

The borrower used a bridge loan to purchase this property while his existing home in texas was being sold.

$950,000 LoanOrlando, FL

This property was purchased in August of 2020. The buyer thought that home prices would rise over the next year so he used a bridge loan to keep his old house until he got a price he liked.

$225,000 LoanAppleton, WI

This buyer wanted to purchase a 2 unit duplex. One to live in and one to rent out.

$700,000 LoanPortland, OR

This buyer always wanted to retire in a cabin on a lake. They used a bridge loan to wait until they got the best possible price on their existing home.

$625,000 LoanMorristown, TN

Minimum Loan $100,000

844-298-3727

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