Commercial Bridge Loans

What is a bridge loan?

A bridge loan is interim financing until permanent financing can be obtained.

Many times a company is approved for a loan through its bank, or financial institution, but the loan doesn't close for 4 - 6 months. During that time we can provide a short-term bridge loan, which will be paid back when the senior loan closes, so your short-term financial needs can be met. Payments on these loans generally are set at interest only for up to the first 12 months. The full term of a Bridge Loan can extend to 36 months; however, the rate will escalate after the first 12 months. Bridge Loans are normally based on 50% to 65% LTV of the collateral which is securing the loan. This collateral is normally real estate based on the MAI appraisal.

We can also provide other types of short-term collateralized loans and can usually close in 10 days or less.

Please contact us today for a free evaluation of your financing needs.