Bridge Loan Lenders in Bridgehampton 

What is a Bridge Loan?

Bridge loans, sometimes referred to as hard money loans, are short-term loans that provide funding during a transitional period. They are frequently replaced with more permanent bank financing upon construction completion or once a real estate investment is stabilized.

Types of Bridge Loans Mansby Capital Offers

At Mansby Capital, we offer the following loans: 

Acquisition Loans

Acquisition loans are typically used to provide funding to purchase raw land or existing single-family and multi-family properties.  These loans allow real estate investors to finance small to mid-scale projects and usually last between one and two years.

Construction Loans

These loans are often used to finance new property construction. To qualify for a construction loan, you will need to present a detailed project plan and a construction timetable. Take your time gathering all the necessary information to ensure a seamless bridge-loan application process!  

Fix and Flip Loans

Fix and flip loans result from combining acquisition and construction loans into one. These loans make the process more straightforward for borrowers looking to purchase and renovate a property before selling or refinancing it. They are often used to finance foreclosure or auction purchases. 

Is a Bridge Loan Right For Me?

Here are some reasons why a bridge loan might be just right for you:

You’re Flipping a Home 

Because they are short-term loans used until permanent financing can be secured, bridge loans are usually quick to obtain and give you some extra time to secure money for a mortgage.  

You’re Acquiring Land or An Existing Structure 

Bridge financing can promptly provide the necessary funds to secure your new home or buildable land while you find a buyer. These loans can be used as a second mortgage and put toward the downpayment on the new property until the current residence is sold.

You Need To Finance A New Construction Project

When beginning a new construction project, funds can easily become insufficient; bridge loans can help provide extra capital quickly.  

Bridge Loan Financing in Bridgehampton & Surrounding Areas 

Mansby Capital is one of the most reputable bridge lenders serving builders and real estate investors in and around Bridgehampton, NY. We proudly offer expert services in land acquisition, multifamily acquisition, new construction, and rehabs. 

 

If you are looking for a team of bridge loan professionals to help you get started on your new venture, contact us by completing an online form or sending us an email at info@mansbycapital.com.

Talk to us about your financing needs.

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