These short term loans are usually for a period of 12 to 24 months. They are not a permanent solution to your Commercial project. But they are a great vehicle for temporrary needs such as propery turn around, adding value or stabilization. These type of bridge loan programs typically have better interest rates than many hard money loans but higher rate than a bank loan. When you can't find any other type of financing in a difficult situation or when you just need a short term loan, they are the perfect solution.
A conventional lender will not touch these special purpose properties, vacant buildings, high rental vacancies or major rehabs. We arrange Commercial Bridge Loans that will provide financing on all of the above, tailored to fit your special needs. This gives you the time needed to finish the project, rent up the building, provide tenant improvements, improve your financials and help set up your property for a conventional loan. Then when you are ready, we have a loan for that too.