Home > Commercial Bridge Loans
We provide commercial bridge loans from $400,000 to $10,000,000 nationwide.
You should work with us on your bridge loan because we know who the legitimate lenders are. We get paid when your loan closes. We are incentivized to get it done. We "shop" commercial bridge lenders everyday, and have for years. You can rely on us because, again we earn our fee when you loan funds.
Many lenders and brokers charge high "good faith" deposits (normally around $10,000 - $15,000), that are not refundable if they don't close. Unfortunately there are many unscrupulous lenders and brokers that make a living off of these good faith deposits. And as the credit crisis deepen this is happening more and more.
Commercial Bridge Loan
There are, in general two scenarios where it makes sense for both the borrower and bridge lender to work together. Either to secure a great opportunity or to turn a negative situation around.
Great opportunity - For example you have found a property for sale at 30% below its real market value, but you need to close within 3 weeks or the seller, won't or can't offer the discount. Or, you have a rare chance to buy out a partner at a substantial discount, but you or your business can't qualify for a conventional loan. The savings from the buyout justify the expenses of the bridge loan. There are many more example where the potential profit from a deal eliminates the weaknesses of a bridge loan.
Negative situation- You have a substantial amount of equity in an existing property, however your business is drowning in debt. You do a cash out refinance to consolidate all of this debt and your monthly payments go down by 40% and your business is reestablished. Other examples include settling lawsuits, divorces, property currently in foreclosure, little or no existing cashflow, etc.
We have the contacts, experience and expertise to get your commercial bridge loan closed and funded. Fill out the preapproval form now or call at 248 885-8797.
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