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Commercial Bridge Loan Texas

Post author:Ryan Thaler
Post published:March 16, 2023
Post category:Uncategorized
Post comments:0 Comments

In the investment world, Commercial Bridge Loan Texas is a short-term real estate loans for a commercial property – often used to purchase multifamily apartment buildings, retail spaces, office buildings, mixed use, special use, and more.

The state of Texas is known for its historical fiscal stability and in recent years, its growth in both population and economy. Texas has so much to offer its residents and business owners. The local economy offers great opportunities for those looking to live or do business in the state and is a great place to invest in real estate using a commercial bridge loan Texas. Let’s look more into Bridge Loans and getting a Bridge Loan in Texas.

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 Texas 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

If you don’t already live or work in Texas, what are you waiting for? With a top 10 economy and multiple cities, including Houston, San Antonio, and Dallas-Fort Worth, being named in the best cities for professionals, what is it missing? Abundant opportunity and limitless potential has become the standard for the state of Texas, it’s time to take advantage!

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.