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

Is Bridge Loans legit? ›

A bridge loan might be a good fit if: You found a new home, but the seller won't accept a contingency mandating you 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.

Is bridge loan same as hard money? ›

While hard money loans are always made by private lenders, conventional lenders will sometimes offer bridge loans, so while most bridge loans are also hard money loans, this is not always the case. Always ask your banker first if their institution can look at your bridge loan request.

What is a bridge loan for investors? ›

A bridge loan is short-term financing tool used to help a borrower pull equity from an existing property to help purchase a new property. Once the new property is purchased, the previous property is sold which automatically pays off the bridge loan.

What is the danger of a bridge loan? ›

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.

Are bridge loans hard to qualify for? ›

Bridge Loan Mortgage Requirements

Some lenders of bridge loans require a credit score of 740 or higher and a DTI below 50%, but these requirements vary by lender. The majority of lenders will allow loan applicants to borrow up to 80% of their loan-to-value ratio (LTV).

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.

What are the cons of bridge financing? ›

Cons of bridge financing

Although they are short-term, bridge loans have interest rates similar to open rate mortgages, which are often higher than the interest rate you may be used to paying with your current mortgage. Cost.

How quick is a bridge loan? ›

A bridging loan usually takes between 5-21 days to complete. Your choice of lender will have a big impact on how quickly your application completes. Some lenders are far quicker than others, so shop around if your application is urgent.

Why would someone get 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.

Which banks do bridging loans? ›

Banks That Offer Bridge Loans
  • NatWest.
  • HSBC.
  • Bank of Scotland.
  • Barclays.
  • Halifax.
  • Lloyds.
  • RBS.
  • Santander.

Can you pay off a bridging loan early? ›

If you know money will be coming in over the next couple of months, the bridging loan can be paid off as soon as you have the funds to do so. Subject to the loans size, no ERC will be charged.

What are the risks of bridge financing? ›

These include host-country investment risks, such as weak and unstable business environments, limited ability to repay funds, and political instability; the risk of new barriers to trade and investment; risks posed by geopolitical competition with the United States; and the risk of hollowing out domestic industries ...

Is a bridging loan good? ›

Bridging loans can be a good idea in certain situations where there is a temporary need for funds before a more permanent financing solution can be arranged. Some examples of this are: Buying a house before you sell your current property.

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