Terms vary based on the project but here’s what’s typical:
A bridge loan is often used in real estate to provide funding during a transitional period or for a short time horizon. Bridge loans are frequently replaced with more permanent bank financing once a building’s construction is completed or once a real estate investment is stabilized. In real estate, bridge loans are sometimes referred to as hard money loans.
Once a borrower has provided necessary documents, we can close within a week.
We place most weight on the value of the property and, if a construction project, the experience of the builder.
No. Projects cannot be occupied by the owner.
We will consider any project in the United States.
Single family spec homes, multifamily spec projects, multifamily acquisition, rehab and construction.