$5,000,000 to $100,000,000
1 year, 2 years
Loan Type Bridge Loan
Property Type Hotel, Industrial, Land Entitled, Medical Office, Multi Family, Retail
Bridge Loan Lenders
Below are 168 Lenders that offer bridge loans. Their Interest Rates range from 3% to 20%. These lenders have loan amounts between $10,000 and $1,000,000,000.
$100,000 to $3,000,000
30 years
2 - 5%
Loan Type Bridge Loan, Commercial Loan, Construction Loan, Hard Money Loan, Rehab Loan
Property Type 2-4 Units, Industrial, Medical Office, Mixed use, Multi Family, Office, Retail, SFR, Shopping Center, Special-Use, Strip Center
$1,000,000 to $50,000,000
1 year, 1.5 years, 2 years, 3 years
Loan Type Bridge Loan, Commercial Loan, Construction Loan, Hard Money Loan, Rehab Loan
Property Type Hotel, Land Entitled, Medical Facility, Mixed use, Multi Family, Office, Retail, Student Housing
10.5% - 12.5%
2 - 4%
Loan Type Bridge Loan, Construction Loan, Hard Money Loan, Rehab Loan
$100,000 to $6,000,000
2 years
10.5% - 12%
1 - 2%
Loan Type Bridge Loan, Construction Loan, DSCR Loan, Hard Money Loan, Rehab Loan
Property Type 2-4 Units, Mixed use, Multi Family, SFR
Loan Type Bridge Loan, Construction Loan, DSCR Loan, Rehab Loan
$50,000 to $5,000,000
40 Years
12% - 13%
6.5%
Loan Type Bridge Loan, Hard Money Loan, Private Money, Rehab Loan, Second Mortgage
Property Type 2-4 Units, Agriculture, Assisted Living, Automotive, Cannabis Related, Hospitality, Industrial, Land Entitled, Land Non-Entitled, Medical Office, Mixed use, Mobile Home Park, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, Senior, SFR, Shopping Center, Special-Use, Strip Center
2540525
8 Reasons to Consider Getting a Bridge Loan
If you’re a business owner or real estate investor, you may have heard of bridge loans. These are short-term loans that can help you secure financing quickly. Bridge loans can also help to bridge the gap between a current financial situation and a future one. Here are some reasons to consider getting a bridge loan for your real estate investments.
1. Fast financing for property acquisition and renovation
If you’re looking to purchase and flip a property before obtaining permanent financing, a bridge loan could work well. This type of short-term loan can help you quickly renovate the property while you work on securing longer-term financing.
2. Seize discounted investment opportunities
Act fast and secure a great investment opportunity with a limited time window using a bridge loan. Obtain funds to take advantage of attractive investment prospects before they disappear.
3. Address unexpected business expenses
If you encounter a surprise expense, a bridge loan could help you cover the cost quickly. A bridge loan can help you keep your business moving forward without worrying about penalties or missed deadlines.
4. Access working capital quickly
When you need capital fast to fund your business operations, a bridge loan can provide a solution. This type of financing can be used to purchase inventory, pay employees, or cover other operational costs. A bridge loan can help you keep your business running smoothly while you wait for cash flow to improve.
5. Buy a new property before selling an existing one
If you want to purchase a new property but haven’t sold your existing one yet, a bridge loan could help. A bridge loan could provide the funds you need for the purchase while you wait for your existing property to sell.
6. Finance property rehab projects
If you’re looking to buy a property that needs rehab work, traditional lenders may be hesitant. But with a bridge loan, you can secure the funds you need to complete the project and turn the property into a profitable investment.
7. Credit score not a major factor
Bridge lenders prioritize property value, not credit scores or debt-to-income ratios, unlike traditional lenders. So, even if your credit score isn’t great, you may still be able to secure a bridge loan if the property has strong potential.
8. Buy rental properties, even if vacant
If you’re interested in purchasing a rental property that’s currently vacant, a bridge loan can help. A bridge loan can finance a property without tenants, enabling you to prepare it for renting.
Overall, bridge loans can be a great tool for businesses and real estate investors who need quick access to capital for a variety of reasons. Just remember that while bridge loans can offer many benefits, they are also short-term and typically have higher interest rates and fees than traditional loans. Make sure to do your research, consider all your options, and work with a reputable lender before making any decisions.
The Pros and Cons of Getting a Bridge Loan for your Investment Property
As a real estate investor, you may find yourself in need of quick and flexible financing to capitalize on investment opportunities. A bridge loan is a short-term loan designed to provide temporary financing until permanent financing can be obtained. It can be a useful tool for real estate investors, but it’s important to weigh the pros and cons before deciding whether to pursue this type of financing.
Pros of Getting a Bridge Loan for Your Investment Property
Quick access to funds: Bridge loans offer a fast turnaround time, allowing you to secure financing quickly and take advantage of investment opportunities that may not be available for long.
Flexibility: Bridge loans are designed to be flexible, allowing you to customize the terms to fit your specific needs. This can include loan amounts, repayment terms, and interest rates.
Easier approval: Unlike traditional loans, bridge loans are often based on the value of the property rather than the borrower’s credit score, making them easier to obtain.
There’s often no prepayment penalty: Bridge loans typically do not have prepayment penalties, allowing you to pay off the loan early without incurring additional fees.
Cons of Getting a Bridge Loan for Your Investment Property
High interest rates: Bridge loans often come with higher interest rates than traditional loans due to the increased risk involved for the lender. This can result in higher overall costs for the borrower.
Short repayment period: Bridge loans are designed to be short-term loans, typically lasting between 6 and 12 months. If you are unable to secure permanent financing before the loan term ends, you may be required to refinance or sell the property to repay the loan.
Additional fees: In addition to higher interest rates, bridge loans may also come with additional fees, such as loan origination fees or appraisal fees, that can increase the overall cost of borrowing.
Risky investment strategy: Using a bridge loan to finance an investment property can be a risky strategy, as it requires you to make assumptions about future market conditions and property values. If the market shifts or the property does not appreciate as expected, you may be unable to secure permanent financing and may be forced to sell the property at a loss.
In conclusion, bridge loans can be a useful tool for real estate investors looking to capitalize on investment opportunities quickly. However, it’s important to carefully consider the pros and cons before deciding whether to pursue this type of financing. If you decide to move forward with a bridge loan, be sure to work with a reputable lender and have a solid plan in place for securing permanent financing before the loan term ends.