A bridge loan may be what you need until you secure permanent financing – but what is it, and how could it help you?
What is a Bridge Loan?
A bridge loan is a short-term loan that you can use to bridge the gap between securing permanent financing or to remove an existing loan obligation that you already have.
This type of loan provides immediate cash flow.
How Long Does a Bridge Loan Last?
A bridge loan is typically very short-term. (Sometimes they last about 12 months.)
How Do You “Secure” a Bridge Loan?
Typically, bridge loans are secure debts – and they’re secured by a form of collateral. That means your house or another asset serves as collateral so you can borrow using a bridge loan.
Do You Need a Hard Money Loan in Atlanta, Nashville, or Florida?
If you’re an investor who needs a hard money loan, we may be able to help you. Check out our loan criteria to find out whether this type of financing is right for you, and be sure to explore our hard money loan FAQs.
You can apply for a hard money loan online or you can contact us at 404-814-1644.