Bridge Loans

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A Bridge Loan is short‑term financing used to “bridge the gap” when you need funds quickly before long‑term financing is available. Investors often use bridge loans to purchase a property, complete a rehab, or secure a deal before selling another property. These loans typically close faster and require fewer qualifications than traditional bank loans.

• Faster financing: The application process and closing on a bridge loan may take less time than other types of loans.
• Purchasing flexibility: Getting approved for a bridge loan allows buyers to close on a new property before the current property sells. 
• Remove contingencies from your offer: Sellers may look more favorably on purchase offers that aren’t contingent upon the sale of another house.
• Less housing hassle: As mentioned previously, a bridge loan can help with the purchase of a new house before selling an existing property.