Applying for our Bridge Loan is quick and easy. Simply fill out our online application form and one of our loan specialists will contact you to discuss your options and help you find the best loan to meet your needs.
What Is A Bridge Loan?
It is a short-term loan that is used to “bridge” the gap between the purchase of a new property and the sale of an existing property. It is designed to provide quick financing to help you make a down payment on a new property before the sale of your current property is complete. The existing property typically secures the loan, and the funds can be used for a variety of purposes, including the purchase of a new home, renovation or repairs on an existing property, or to help cover expenses during a transitional period.
Bridge loans are generally intended to be repaid within a few months to a year, and they often come with higher interest rates and fees than traditional mortgage loans. However, they can be a useful tool for homebuyers and real estate investors who need quick access to funds and don’t want to miss out on a property purchase due to delays in the sale of their existing property
Visit our bridge loan page to learn more!