A Bridge Loan is commonly referred to as “gap loan,” and an effective vehicle used to acquire the funds for the purchase land for development. This is a short-term loan and is expected to be repaid within 6 to 36 months when construction and development loans are in place. In most cases, we can help obtain construction and permanent financing. Bridge Loans will help you take advantage of opportunities when they arise.

Usually Bridge Loans are used in commercial real estate to quickly close deals, rescue a property from foreclosure and many other purposes. Bridge Loans simply fill the time gap between a purchase and a time permanent loan is secured. If you sell a property, but will not receive payment for a few months, Bridge Loans can get you money fast.

In short, Bridge Loans are used to cover the time between the purchase or sale of real estate and the placing of permanent financing when the project starts generating income.

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