Feature Bridge or "Hard Money" loans are typically short-term loans used as an option when conventional financing is not possible. It is an excellent way to get funds very quickly, and it is a flexible financing option for borrowers looking for short-term real estate financing solutions. Bridge loans can use these loans to acquire multifamily properties, retail, office, hospitality, mixed-use, single-family homes, and improvements or renovations in a property.
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Eligible Properties
Office, Industrial, Hospitality, Retail, Multifamily, Mixed-Use Property, Land
Program Highlights
1. Loan Amount: $100,000-$50M
2. Maximum Loan To Value: Up to 75%
3. Term Length: 1-3 years
4. Amortization: Interest only
5. Interest Rate: 8.5% – 14%
6. Non-Recourse: Yes
Advantages
1. Quick closing
2. Flexibility
3. Available for many uses
4. Payments may be interest-only
5. Little documentation
Disadvantages
1. Higher interest rates and fees
2. Short-term