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Bridge Loan Lenders | Bridge Loans Funded Today

Guide price: £10

Last updated on 10th Feb 2014

Tags: commercial bridge loans

View on commercialbridgeloan.org
Bridge Loan Lenders | Bridge Loans Funded Today

In real estate, Bridge Loans can be used to secure financing to obtain a property from foreclosure, quickly close on a deal or take advantage of a limited opportunity to purchase. Real estate Bridge Loans are typically repaid after the property has been sold or refinanced by a traditional loan. The interest rates on Bridge Loans are typically higher because they represent a higher risk of default for the lender.

Typically, bridge loans carry a hefty 11-15% interest rate and they’re usually about 60-85% of the appraised value of the property. If a real estate developer is looking to start a project and he just needs enough money to break ground until he can acquire the proper permits, he may take out a Bridge Loan. This is a high risk loan for the lender because the structure may never get built.

If the developer does get all the necessary permits, he can then seek more traditional financing and use that money to repay the loan.


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10th February 2014 @ 11:18

Real estate Bridge Loans are typically repaid after the property has been sold or refinanced by a traditional loan
 

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