Once you fully understand your projects needs, you are more than ready to partner with one of these top commercial bridge loan lenders. Buying out a business partner. Simply contact us and well be happy to answer your questions. This helps a potential business owner, or one that is expanding to have a credit line to get more supplies, inventory, equipment and whatever it takes to grow or expand a business. In real estate, commercial bridge loans usually allow investors to purchase a new property, renovate an existing property, or get started on other related real estate projects while they await more permanent financing solutions. When a deal is complex, unusual or time is short, we provide our borrowers with certainty of execution. Since 2006, Capstone Capital Partners has served Austin as a private commercial real estate lender you can count on. Transaction by Avatar Financial Group. Your teams professionalism is outstanding! New York, NY. Commercial bridge loans can also be used as a short-term source of capital, or a cash infusion, as the business searches for traditional forms of capital elsewhere. Commercial bridge loans are short-term; often between 6 -36 months. We arrange loans in 50+ states with strong emphasis on middle market locations. Website: bloomfieldcapital.com Phone: (248) 745-1700, Socotra Capital has worked as a hard money lender in the commercial lending industry for a number of years. Our commercial bridge loan structures provide low monthly payments and competitive rates alongside an expedited approval process. We offer bridge financing for value-add, rehabilitation, and repositioning opportunities. Commercial bridge loans provide short-term financing for the purchase of commercial real estate and additional funds for the rehabilitation of a property. Commercial bridge loans work by offering interest-only loans with short terms designed to get you from point A, your real estate opportunity, to point B, a long-term loan. Copyright Reliable capital for the acquisition and refinance of commercial real estate and multifamily properties nationwide. We have closed nearly $2 billion of loans similar to these, over the past 20 years. Your bridge loan would be for a certain percentage of your $7 million loan-to-cost ("LTC"). Arbor offers interest rates as low as 6.5% and loan amounts starting at $8 million. With a wide network of lenders in the United States, Clopton offers accessible bridge loan opportunities to its clients. How Commercial Business Loans & Financing Support Your Industry Virtually every type of business has short-term needs for cash to cover capital business expenditures and keep their operations on track. CRE Bridge Capital is a direct lender with a focus on commercial bridge loans between $1 million and $30 million. We Specialize in Bridge Loans and Other Alternative Real Estate Financing. Applying for a commercial real estate bridge loan is easier than you think. By being more creative and nimble than alternative capital providers we work to create opportunities while other lenders see obstacles. This option is especially useful for those who may feel pressed for time when changing properties. Get fast, short-term financing and take advantage of opportunities in the current market. A bridge loan is a type of loan that provides real estate investors with short-term capital to finance a transitional property. They should also provide fast approval and funding after all, thats the entire purpose of obtaining a bridge loan in the first place. Our funds are made up entirely of private investors' money with no bank input, therefore we are able to apply our own criteria which will consider any reasonable proposal. Austin's Commercial Bridge Lender. Bridge loans often close much faster than other types of loans. Each has its own geographical preference, property type niche as well as varying appetite for risk. Commercial Bridge Loans are flexible loans used by commercial real estate investors on a short-term basis. Typically, 3 weeks. Direct Commercial Funding Inc. is an equity-based, private commercial lender with delivered capital and unsurpassed service to the Commercial Real Estate community for 20 years and counting. Our bridge loan is the perfect interim finance solution for borrowers until permanent financing is obtained. Short-term capital for single- and multi-tenant industrial properties, including warehouse, distribution and manufacturing facilities. Cutter Hill Capital is a direct lender with discretionary capital. Amount: $2,000,000 Max. Brookview Commercial is a direct private lender for commercial bridge loans up to $50 million. At the end of this loan cycle, borrowers will usually have permanent financing lined up to retire the exisiting bridge debt. Curlee Capital will be glad to discuss your adexlending options. Website: avanacapital.com Phone: 1 (877) 850-5130 Bloomfield Capital Bloomfield Capital's team understands that urgent financing needs should be met with an immediate response. Many commercial bridge loan lenders have lengthy approval and closing processes. The commercial mortgage bridge loan will then be paid off in a short period of time, usually using the funds from the full, long-term commercial mortgage loan with terms of 15 or 30 years or so. It can be a good idea if you want to buy a property before selling existing commercial property. For any questions about the services we provide, or if you have an interest in acquiring your own commercial bridge loan for your business building, a plot of land, or even large single-family home, contact us today. Please answer all questions in the space below and click "Apply Now" when done. No. You may also need a positive credit history, though collateral also figures heavily into whether bridge loans are approved. General qualifications only differ slightly between the four options listed, so the borrower should consider what factors are most important before applying. You can click on the tabs below to see the information needed for a quote and submit the information via email or by calling us directly: (212) 353-2800, Loan Amount: $3,000,000 mimimum, no maximum, Eligible Properties: Multifamily, Office, Retail, Mixed-Use, Industrial, Hotel, Warehouse, Self-Storage, Mobile Home Parks, Parking Garages, Marinas & Student Housing. What is the loan amount? However, typically a non-recourse bridge loan or other short-term non-recourse loan can be secured even if you have a not-so-great credit score. You may also have luck with Freddie Mac or Fannie Mae. As a direct commercial hard money lender, we provide pre-approvals in 24 to 48 hours and fund loans in five to seven days. Commercial Loan Direct offers interim financing or bridge loans on commercial properties including; Multifamily, Office, Industrial, Retail, Self Storage, Assisted Living-Congregate, Hotel/Motel, Special Use (most commercial properties with the exception of outlet malls and land). How BLC Turned Around $40 Million in Loans in 3 Weeks. Low Rates, High Leverage. Socotra Capital is a financing company that provides bridge loans ranging from $100,000 to $12 million with loan terms ranging from six months to 20 years. A bridge loan provides a short-term or interim financing solution. The longer repayment period is attractive to potential borrowers, with up to three years to either sell or refinance the loan. Most of our loans will be non-recourse, however, some loans may require elements of recourse due to additional risks involved. Private bridge loans are available quickly, closing in as little as 14 days, allowing you to leverage your assets for new investments whenever opportunities arise. For commercial bridge loans you should consider interest rates, loan amounts, approval and closing timelines, terms, fees, lender reputations, and prepayment incentives. Also, bridge loans offer flexibility. We are a true direct lender, offering financing nationwide. YouTube, 228 Park Ave S # 20702 Bridge loans are short-term financing arrangements designed to bridge the gap between immediate financing needs, and long term mortgage arrangements. Bridge Loan: A bridge loan or bridge financing is a loan that spans a gap between two other loans. Bridge loans are commonly used to purchase multi-family homes, office buildings, retail stores, hotels, motels, self-storage facilities, and other commercial real estate. Our Firm at a Glance $4.2B Funded 460+ Transactions 12+ Years Learn More $37,000,000 Condo Development - Collateral Assignment Manhattan, NY $14,400,000 Mixed-Use Development Site - Acquisition Fort Lauderdale, FL $102,000,000 Condominium - Construction Aventura, FL Up to 100% future funding of tenant improvements and leasing commissions (TI/LC). Faster if necessary. From start to finish the transaction went perfectly so thank you for the 10 DIAMOND SERVICE. Our quick . Many property types can qualify, some of which include: apartment buildings, shopping centers, office, hotel, industrial and self storage properties. A National Direct Bridge Lender You Can Trust NuBridge's Bridge Loan Program offers short-term bridge financing, targeting loans up to $5 million with 12, 18 or 24-month terms. For example, Bloomfield has worked with projects involving hospitality and office properties. Additionally, the loan terms with Park West range from 1 to 3 years, depending on a clients project timeline. Clopton Capital offers the most competitive bridge financing options for multifamily and real estate nationwide. 842 Enterprises needed a lender that not only believed in the familys vision, but also understood the nuances of modular construction and its benefits. Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you. It depends on your circumstances. Are you looking for a bridge loan that exactly suits your requirement? We approach only lenders that specialize in hotel financing. It's important to secure this financing from trusted commercial real estate bridge loan lenders so you can get the best rates and terms. We deal in loans ranging from $ 1 million and go up from there. Applicants must satisfy certain requirements to be eligible. Our team has over 150 years of combined industry experience. 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commercial bridge loan direct lenders