Bridge Loans for Real Estate Investors
A bridge loan provides short term financing with fewer guidelines that allow for faster closings. If you are looking to invest in real estate and are coming to a private money lender like CambridgeHomeLoan.com, you have come to the right place.
What is a Bridge Loan?
A bridge loan is defined as a short-term real estate loan that can bridge the gap until conventional financing or a sale can transpire. Bridge loans can close faster than bank loans, conventional or term loans. Bridge loans are great for Real Estate Investors because not only does it close quickly, providing an advantage for an investor to get in contract over another that may not be able to close as fast. The underwriting guidelines for a bridge loan are also easier, therefore there is much less underwriting and documentation needed.
Real Estate Bridge loans are temporary loans (typically 12, 24 or 36 months),they are secured by an asset (typically real estate). Bridge lenders will typically grant a loan extension over an initial term of 6 months to a year for an additional fee. Ask your lender to include an extension provision just to manage the unexpected.
CambridgeHomeLoan.com, a division of Cambridge Capital Partners, LLC. is the #1 Bridge lender in the country, providing bridge loans for lenders nationwide.
Like a typical Bridge Loan, which is a short term loan, the same structure and outline can be utilized on Commercial properties in a Commercial Bridge Loan. This type of loan can also be a valuable tool for purchase or refinance of office buildings, hotels, retail property, and multifamily housing including apartment complexes.
What is a Hard Money Bridge Loan?
A Hard Money Bridge Loan is simply a short-term loan secured by real estate. These type of loans are a form of asset based lending for real estate investors – where private money lenders are primarily concerned with the property’s value rather than the borrower’s credit scores or what’s in the borrower’s bank account.
Whether you are looking for a commercial real estate loan or a residential real estate loan, a Hard Money Bridge Loan bridges the gap between those who do not have the ability to go to the bank due to less than perfect credit and can realize their dream of become a successful real estate entrepreneur. Where the banks have tightened up their underwriting requirements and have made it even more difficult to qualify for a loan, hard money and private equity lenders like CambridgeHomeLoan.com can get you closed quickly.
Why Should You Use a Bridge Loan?
It’s Faster & Easier than a conventional loan : A bridge loan has short-term financing (12-24 or 36 month financing terms) for real estate investors, who prefer to borrow both the purchase and/or rehab of their investment property, with a Fix and Flip or fix to rent investment loan (also Bridge Loans) or a Cash Out Refinance loan, which can be a bridge loan or a longer term loan and with todays interest rates is much better than using your own cash to close.
Fast Access to Funds: With other loan types, there are qualifications that restrict you from getting access to those funds. With a Bridge Loan there is a lower underwriting guidelines and less paperwork that allow you to faster access to funds.
For Every Type of Real Estate Investor: A Bridge Loan is a great solution for any real estate investor – at all experience levels. Those that don’t qualify for a conventional loan can qualify for a bridge loan.
Options for all types of Properties: With a bridge loan from CambridgeHomeLoan.com, the financing for your investment property can be structured and executed on with ease.
Bridge Loan Summary
Property Types: Investment Properties
Loan Sizes: $100,000 to $50 million
Loan To Value: Up to 85% (100% value add)
Rates: Starting at 4.875%
Term: 12, 24, 36 month terms
Property Types: Purchase, Refinance or
Cash out refinance!
Interest: Interest Only Payment
Payoff: No Pre-Payment Penalty
Bridge Loan! Fast Close!
Close 5 days from receipt of due diligence
BRIDGE LOAN APPLICATION
Asset Backed Lender
Asset-based lending is a type of lending where the loan is secured by an asset. This means, if the loan is defaulted on, ie.. is not repaid, the asset can be taken. This is an example of an asset-based loan. Working with an asset backed lender on a bridge loan allows you to more easily qualify based on the value or the future value of a property. Where a more conventional mortgage focuses on many other factors that a principal borrower may not be able to qualify for, a bridge loan backed by an asset has much more lenient underwriting and may be more easily obtained.
REAL ESTATE FINANCING MADE EASY!
With the volatility of the markets, rates, and prices of real estate, you may be asking yourself, “Is now the right time to buy or