|Home • Get a Loan! • How It Works • Mortgage Tools • About Us • Contact Us|
Private Money Bridge Loan Information
Bridge LoanShort-term loan made in anticipation of long-term funding or financing.
Bridge Loan financing is an effective vehicle to immediately capitalize on a purchase opportunity. It is a form of short-term financing which is expected to be paid back - generally within the range of 6 to 18 months - once the borrower obtains more permanent, lower cost financing.
Private money lenders are a good source for bridge loans because they are easier to deal with and act quickly. The higher rates you pay with private money are usually acceptable for bridge loans because of the short duration bridge loans have.
Some Common Bridge Loan Scenarios- When you need funds to acquire a property
- Expanding your business
- Restructurings & Mergers
- Property acquisition and rehab
Additional Loan Resources: