Bridge Loans: Temporary Financing Made Simple
Bridge loans are short-term loans used to 'bridge the gap' between the purchase of a new property and the sale of an existing one. They're also commonly used to quickly finance investment properties or renovation projects.
These loans provide fast access to capital when timing is critical.
- Terms ranging from 6 to 24 months
- Used for purchase, refinance, or cash-out scenarios
- Typically interest-only with balloon payment at end
Bridge loans help investors act fast and secure opportunities that traditional lenders can't support in time.