đź‘Ťđź‘Ť BRIDGE LOANS | Commercial | Private FUNDING - financial services - craigslist (2024)

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PRIVATE FUNDING
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to Raising Capital

“We Know Where to Find the Financing Your Business or Project Needs”

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*based on a complete package Highly Competitive Rates
*based on Borrower Qualifications and Experience
--Loan Amounts $50,000+ ***will consider smaller amounts--

---Specialty Products / Private Funding---
Fix/Flip - Fix/Hold |Construction | Land Loans | Commercial | DSCR |Golf Course | Multi-Family | Industrial/Warehouse Rural Area Loans Church Loans | Cannabis | Modular/Mobile Home Loans

ALL Scenarios Reviewed on a Case-by-Case Basis

We are a group of industry professionals who maintain strong relationships with Private Investors, Equity Groups, Banks, and Specialty Lending Institutions located Nationwide.

----- Private/Hard Money Lending (Bridge Loans) -----
•Closing Time: 10-14 business days
•We can get you exceptions - every day!
•We Fund Projects Nationally
•Fix/Flip (Bridge Loans), Construction, Commercial, DSCR, Mobile Home (private loans) --REFINANCING--
•Foreign Nationals OK
•Recent BK / Foreclosure / Short Sale - ALL OK
•2nd liens, 3rd liens
•No Appraisal (*Case by Case)
•No Prepay (*option available)
•First Time Investors – allowed (*Case by Case)
•No Income Verification (*Case by Case)
•No Minimum FICO Requirements *(Based on experience/case by case)
•Close Fast

Contact our Private Lending Sales Team for an immediate assessment of your project/scenario. We are available during the week and weekends to help fund your project quickly.

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đź‘Ťđź‘Ť BRIDGE LOANS | Commercial | Private FUNDING - financial services - craigslist (2024)

FAQs

How does bridge funding work? ›

Bridge financing "bridges" the gap between the time when a company's money is set to run out and when it can expect to receive an infusion of funds later on. This type of financing is most normally used to fulfill a company's short-term working capital needs.

What is the credit score for a bridge loan? ›

Bridge Loan Requirements

Minimum credit score: In many cases, you can expect to need a credit score of 700 or higher to get approved, though some lenders may go higher or lower than that.

How do you explain a bridge loan? ›

A bridge loan is a short-term loan used to bridge the gap between buying a home and selling your previous one. Sometimes you want to buy before you sell, meaning you don't have the profit from the sale to apply to your new home's down payment.

How do you secure bridge financing? ›

To qualify for a bridge loan, a firm sale agreement must be in place on your existing home. This type of financing is most common in hot real estate markets where bidding wars are the norm. They work when you need to make a quick decision about your dream home without worrying if your existing home has sold.

What is the truth about bridge loans? ›

Heightened APRs: Bridge loan interest rates are typically higher than traditional mortgage rates. Risky terms: Bridge loans have short repayment periods, interest-only payments and balloon payments. These terms can be risky if your home doesn't sell as expected or its value drops.

How do I ask for bridge funding? ›

Clearly articulate why you're raising bridge funding. Understand investor assumptions and avoid negative signaling when pitching. Frame your bridge funding ask to reach future fundable milestones investors care about. Structure the terms of your bridge correctly with the right discount and cap to justify risk.

What are the downsides of a bridge loan? ›

As a short-term form of financing, bridge loans are costly, due to the high interest rates and associated fees like valuation payments, front-end charges, and lender legal fees. Also, some lenders insist that you must take a mortgage with them, limiting your ability to compare mortgage rates across different firms.

What is the average term for a bridge loan? ›

Residential bridge loans are commonly written for 11 months. The bridge loan is paid off once the borrower's existing property is sold and this typically happens within 3-6 months of the bridge loan being funded.

What is the interest rate on bridging loans? ›

Bridging loan interest rates are typically between 0.5% and 2% per month. The exact rate you get will depend on: The type of property you're buying.

What went wrong with bridging finance? ›

Bridging and the Sharpes, once considered the invincible masters of risk, were accused of fraud, misappropriated funds, self-dealing and misleading investigators.

How do you secure bridging finance? ›

Security - Bridging finance is usually secured against property or other valuable assets. Lenders will assess the value and marketability of your security. Exit Strategy - Lenders will want to understand how you plan to repay your bridging loan.

What are the risks of investing in bridge loans? ›

Risk of losing both the properties to the bank – With commercial real estate bridge loans, there's always an open-ended risk of losing out on both existing property and the new property to banks in case you fail to make the loan repayments on time.

Is a bridge loan a good idea? ›

A bridge loan might be a good fit if: You found a new home, but the seller won't accept a contingency offer to sell your current home. You can't come up with the down payment for a new purchase unless you sell your current home. Your closing date for your current home is after your settlement for the new one.

How is the bridge benefit calculated? ›

The bridge benefit amount is determined at retirement by first calculating 2% of the member's average annual Canada Pension Plan (CPP) earnings (to a yearly maximum - see note below), multiplied by the member's years of pensionable service from January 1, 1966 to retirement (not exceeding 35 years).

What is an example of a bridge finance? ›

What is an example of bridge finance? Bridge finance is a short-term funding solution facilitating immediate financial needs before a more permanent arrangement. For instance, when buying a new home before selling the existing one, a bridge loan covers the transition.

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