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Colorado Commercial Bridge Loan

Post author:Ryan Thaler
Post published:March 15, 2023
Post category:Uncategorized
Post comments:0 Comments

In the investment world, Commercial Real Estate Bridge Loans are short-term real estate loans for a commercial property – often multifamily apartment buildings, retail spaces, office buildings, mixed use, special use, and more. Colorado Commercial Bridge Loans

The state of Colorado is adding a booming job market to the beautiful Rockies and it’s being recognized. Colorado is listed in the top 3 best state economies as they are business friendly and welcome any they can. The local economy is offering great opportunities for those looking to live or do business in the state. Let’s look more into Bridge Loans and getting a Bridge Loan in Colorado.

Commercial Bridge Loans

As stated, Commercial Bridge Loans are short-term loans, usually having a term of 12, 24, or 36 months. Many Commercial Bridge Loans offer the option of extending the life of the loan another six months to a year.

A Commercial Bridge Loan is a valuable tool when looking to purchase or refinance an office building, retail space, and multifamily properties, including large apartment complexes. The benefit of closing quickly, with limited documentation is just part of the attraction of Commercial Bridge Loans. In addition, Bridge Loans can cover up 100% of the rehab or construction cost of your project

Bridge Loan Example Scenarios

Purchase a value-add multifamily property with 85% loan-to-cost and 100% of the rehab cost.
Cash-Out refinance a multifamily apartment building.
Refinance and receive construction funds to add additional units to your multifamily property.
Purchase a single family property with just 10% down. Fix up and flip your property.
Fix to Rent – Purchase an investment property, fix it up and refinance into a 30 year loan once stabilized.

Overall

The beauty of the Colorado wilderness is now being reflected in the beauty of Colorado business. Get a Colorado Commercial Bridge Loan to help you strive and be successful in your real estate journey.

CambridgeHomeLoan.com provides real estate investors with the perfect loan product with the best rates and terms to match their real estate goals. If you have a loan scenario and would like to discuss it with one of our expert loan officers, call 800-826-5077 or email info@cambridgehomeloan.com.