- Bridge Loans are designed as interim financing for an individual or business until permanent funding can be found.
- Once a commercial or residential property has been purchased, it may take time to improve the residence, place tenants, or sell the property. A Bridge Loan can provide the funds for an investor, real estate professional, or contractor to purchase, build, fix or flip a home or building.
- For example, if the primary residence is on the market to be sold and you need a temporary loan to purchase another property The Hard Money Company will give you a Bridge Loan on your primary residence.
- If you own a property free and clear or with substantial equity, you can use this as collateral for a Bridge Loan.
Bridge Loans ypmuser 2018-02-06T16:15:01+00:00