A Commercial Real Estate Bridge Loan is typically defined as a short-term real estate loan for a Commercial Property – such as a retail store, office building, mixed use, apartment building, and more.
The typical commercial property bridge loan has a term of 12, 24 or 36 months and may provide for an additional term for an extension.
Bridge lenders like CambridgeHomeLoan.com do bridge Loans for Commercial real estate investors that need to bridge the gap between their purchase and long term financing. A good bridge loan can provide for a fast closing as well as construction or rehab costs to help commercial real estate investors increase the value of their investments in order to be able to refinance into a longer term, lower cost financing.
Our common-sense real estate underwriting looks at the big picture. We see value in every property, every business and every borrower. Contact us to get started today.
Multifamily, Mixed Use, Office, Light Industrial, Mobile Home Parks, Self Storage, Warehouse, Retail.
Commercial Bridge Loan Summary
Investment Properties Only; Multi-Family Loans, Commercial Property Loans, Mixed Use, Office, Retail, Self Storage, Mobile Home Parks, Industrial and Warehouse Loans
- Rates Start at 5.5%
- $100k – $25 million
- Up To 75% LTV
- Interest Only
- Bridge Loans Only
- No Prepayment Penalty
BRIDGE LOAN APPLICATION
Why Work with an Asset Based Lender?
As an investor, working with an Asset Based lender enables you to provide more types of borrowers with private equity loans that fit each of their unique loan scenarios. Whether you need an asset backed lender to close quickly or to help you with your purchase and rehab costs, a bridge loan from a hard money lender is one of the easiest ones to acquire . A bridge loan does not have the paperwork or due diligence requirement of a bank loan. It also closes quickly Not only does working with an Asset Backed lender improve your odds in closing on your transaction, but also improves both the broker and investor satisfaction because you know you can get approved, no matter your situation.
A bridge loan is also a private equity loan, hard money loan or asset backed loan. A bridge lender
Your business needs capital now. You’ve applied for a loan with your bank, but the lender tells you that it could be weeks before you get your funds. You like the low rates and favorable terms of the loan, but you don’t want to play the waiting game. Anything can happen in the time it takes for your loan to be disbursed, and you could find yourself in a cash crunch that jeopardizes business operations.
On the other hand, you could go to an alternative lender and receive funding with a much shorter turnaround — even as quickly as the next day. The downside, though, is that a high-interest rate, additional fees, and shorter repayment terms mean that your loan will be more expensive — which could also negatively impact your business.
Fortunately, you aren’t stuck with these two choices. There is a way to get the funding you need now while waiting for your long-term loan. That option is called a commercial bridge loan.
If you need a way to cover gaps in cash flow while waiting for your loan disbursement, keep reading because a bridge loan may be exactly what you’re looking for.