Private Money Lender for Bridge Loans
Commercial bridge loans in the U.S. are a unique short-term funding solution that allows businesses to act when execution is critical and time is of the essence. This loan program tends to “bridge the gap” when permanent financing is needed to purchase commercial real estate which is not yet available.
The primary reasons a borrower might want to consider a bridge loan include:
- Incomplete ownership or project team in place
- The property has unsatisfactory occupancy rates
- The borrower can’t wait for permanent financing
- The borrower needs to improve their credit profile