BRIDGE LOANS:

YOUR BEST OPTION FOR BUYING BEFORE YOU SELL

WHAT'S A BRIDGE LOAN?

A bridge loan is a short-term financing option used to "bridge" the gap between the purchase of a new property and the sale of an existing one.

WHAT ARE ITS BENEFITS?

It offers quick access to funds, bridge loans eliminate the stress of timing your transactions perfectly and are especially advantageous for 1031 exchanges, allowing you to seamlessly transition between properties.

Here are the key features and benefits of a bridge loan:

Key Features:

1. Short-Term Duration: Typically lasts from a few months to up to a year.

2. Higher Interest Rates: Due to its short-term nature and the associated risk, bridge loans often come with higher interest rates compared to traditional loans.

3. Secured by Existing Property: Usually secured against the equity in the borrower’s current property.

4. Flexible Repayment: Repayment terms can vary, often structured to be repaid upon the sale of the existing property.

Benefits:

1. Facilitates Purchase of New Property: Enables the purchase of a new home without waiting for the current one to sell.

2. Avoids Temporary Housing: Helps avoid the need for temporary housing between selling one property and buying another.

3. Quick Access to Funds: Provides quick access to capital, making it easier to act swiftly in competitive real estate markets.

Use Cases:

1. Homeowners Upgrading to a New Home: When a homeowner wants to purchase a new home but hasn't yet sold their current one.

2. Real Estate Investors: To quickly acquire new investment properties while waiting for other investments to sell.

3. Businesses: For temporary financing needs during transitional periods, such as acquiring new office space while selling existing premises.

Bridge loans are a valuable tool for those needing quick, short-term financing solutions to facilitate property transactions.

With our bridge loan program, you won't have to make a mortgage payment for the first 12 months. If your current property doesn't sell on the market within that time, we'll help find a buyer for you.

Bridge loans provide the financial support you need to make your next move confidently and efficiently.

Ready to make your next move without the hassle?

Contact us today to learn more about our bridge loan program and how it can help you buy before you sell.

Secure your new property with confidence and ease!