Multi-Family Bridge Loan

Get Pre-Qualified Today & Shop with Confidence!

Multi-Family Bridge Loan

Get Pre-Qualified Today
& Shop with Confidence!

The Lowdown on Bridge Loans…

There are several reasons a borrower might look to a bridge loan, from the need to close a deal in a short period of time to a desire to take advantage of a limited-time business opportunity. Working capital can be an issue at this level, and there are some situations where reputable borrowers might nonetheless fail to qualify for a traditional institutional commercial loan.

The Lowdown on
Bridge Loans…

There are several reasons a borrower might look to a bridge loan, from the need to close a deal in a short period of time to a desire to take advantage of a limited-time business opportunity. Working capital can be an issue at this level, and there are some situations where reputable borrowers might nonetheless fail to qualify for a traditional institutional commercial loan.

Standard Loans vs. Bridge Loans

There are several factors that differentiate bridge loans from more conventional kinds of loans:

  • Term: Traditional mortgages span a much longer term than bridge loans, which typically only range up to two or three years. The name “bridge” is meant to signify a short waiting period while more permanent financing is secured.
  • Interest rate: Bridge lenders take on larger risks, including liquidity, default and informational risks. For this reason, mortgage rates are generally higher.
  • Amortization: Most bridge loans are interest-only, with little or no principal amortization. The full principal amount is usually due at maturity, and negative amortization and zero-coupon notes can be an option in some cases.
  • Collateral: There’s a focus among bridge lenders on underlying collateral, rather than the typical emphasis put on creditworthiness.
  • Timing/Flexibility: These loans can be provided in under 30 days, and have more flexibility in structuring and due diligence requirements. They can be expedited much more quickly than typical loans, which often take 90 days or more.

Standard Loans
vs. Bridge Loans

There are several factors that differentiate bridge loans from more conventional kinds of loans:

  • Term: Traditional mortgages span a much longer term than bridge loans, which typically only range up to two or three years. The name “bridge” is meant to signify a short waiting period while more permanent financing is secured.
  • Interest rate: Bridge lenders take on larger risks, including liquidity, default and informational risks. For this reason, mortgage rates are generally higher.
  • Amortization: Most bridge loans are interest-only, with little or no principal amortization. The full principal amount is usually due at maturity, and negative amortization and zero-coupon notes can be an option in some cases.
  • Collateral: There’s a focus among bridge lenders on underlying collateral, rather than the typical emphasis put on creditworthiness.
  • Timing/Flexibility: These loans can be provided in under 30 days, and have more flexibility in structuring and due diligence requirements. They can be expedited much more quickly than typical loans, which often take 90 days or more.

Our Bridge Loan Rates Are Low & Our Process is Quick

Bridge loans are vital in several areas of commercial real estate, including multifamily. Property owners may need a temporary loan to keep a property operating while a mortgage comes due, and bridge loans help many borrowers avoid foreclosure. Savvy equity investors often use bridge financing to acquire an attractive asset, then rehabilitate it and see the upside profits.

Our Bridge Loan
Rates Are Low & Our
Process is Quick

Bridge loans are vital in several areas of commercial real estate, including multifamily. Property owners may need a temporary loan to keep a property operating while a mortgage comes due, and bridge loans help many borrowers avoid foreclosure. Savvy equity investors often use bridge financing to acquire an attractive asset, then rehabilitate it and see the upside profits.

Get Your FREE Loan Quote Now!

Get Your FREE
Loan Quote Now!

Whether you’re buying a new home, refinancing, looking for a cash-out, or just have questions about the process, our Elite Team of Mortgage Professionals will help you find the right mortgage solution!

Whether you’re buying a new home, refinancing, looking for a cash-out, or just have questions about the process, our Elite Team of Mortgage Professionals will help you find the right mortgage solution!

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