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    Bridge Loan

    A type of short-term financing that is utilized to cover the financial gap between purchasing a new home and selling the previous one.

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    Loan Amount

    Tied to Your Home's Appraised Value

    Time to Fund

    1-7 Days

    Loan Terms

    6-12 Months

    Interest Rate

    6%-10%

    What is a Bridge Loan?

    At times, you may wish to purchase a new home before selling your current one, which means you may not have the proceeds from the sale to use as a down payment for the new home. This can be challenging if you were relying on those funds to purchase the new property. In such situations, you can consider applying for a bridge loan to assist with financing the new home purchase.

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    What are the Benefits?

    Flexibility

    A bridge loan offers borrowers access to short-term capital that can be used to meet immediate expense obligations, facilitate swift property purchases, complete necessary renovations, or help the borrower find new tenants for their building.

    Non-recourse

    In this type of financing, the lender can only recover the loan amount by selling the property itself. The borrower is not personally responsible for repaying the loan, and the lender cannot seek any compensation from them, even if the property's value is insufficient to cover the remaining loan balance. This feature makes it an appealing financing option in the current real estate market scenario.

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    How to Apply?

     

    • Fill out the 1-minute Online Application

      All of your personal information will be securely stored in our cloud database. 

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    • Get Our Free One-on-one Consultation

      Our financial consultant will contact you as soon as when we have received all of your information.

      Schedule Your In-person Meeting Now

    • Submit Documents & Get Funded

      Our office is located at 39-06 Flushing, 3FL, Flushing, NY 11354

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