If you’re in need of money, you may be considering a bridge loan. Bridge loans are most commonly used when investing in real estate, but they also serve an important purpose for borrowers in certain positions. To learn more about bridge loans and to determine if they are right for you, continue reading this blog post.
Commercial bridge loans are an alternative to traditional loans. This type of loan is gaining popularity, and many investors are turning to commercial bridge loans. For three reasons why investors are turning to commercial bridge loans, continue reading.
Persons dealing in commercial properties may be familiar with commercial bridge loans, but if you are new to the commercial property field you should consider the use of a commercial bridge loan from Shop Commercial Mortgage. Here’s some information about them:
Shop Commercial Mortgage is not your typical commercial mortgage lender. We offer many advantages over conventional commercial lenders, with the primary advantages being the ability to get commercial lending without credit or if you are self-employed. There are many others:
Shop Commercial Mortgage can normally provide money to approved borrowers in two weeks. To get a better understanding of our loan criteria and terms, they are summarized below:
At Shop Commercial Mortgage, our investor network is looking for opportunities to put their money to work providing you loans against the equity in a commercial property. Our investors secure their investment against that equity, allowing you to get the money you need even if you have less than ideal credit, a bankruptcy, or a previous foreclosure in your record.
If you are reluctant to obtain a hard money loan because of legendary stories about predatory practices, rest assured that those days are long gone. Hard money lending by private investors is well recognized as a legitimate way for owners to get cash for growing their business. If you aren’t familiar with hard money lending, let’s review some of the basics.
Do you need to upgrade to a larger home, but have not yet sold your current home? Bridge this gap with a bridge loan. A bridge loan is a perfect way to cover costs while you shop for a new home before you’ve sold your current property. Bridge loans are usually short-term, lasting between six and 12 months.
Bridge loans are widely considered a niche type of loan in the world of real estate Investing, but they serve an important purpose and can be an excellent choice for borrowers in the right position. In a nutshell, bridge loans serve to “bridge” the gap between selling and buying a new property. Let’s take a look at how this breaks down and when a bridge loan might be the right vehicle for you.
At AHL Hard Money Resources we lead the country and Florida in providing the very best selection of small balance apartment hard and Florida private money loan programs and financing for self-employed apartment owners who have tried getting a bank loan and have been turned down by the banks. We realize the financial demands and stress of owning an apartment complex if it 5 units, 10 units, 15 units, 20 units, 25 units up to 50 units. We can help you get the hard and private money apartment loan you need to improve your property, to rehab your apartment complex, to update your apartment complex so you can increase your rents and add value to your bottom line and increase your rent rolls.
"I just closed a commercial loan in St. Petersburg. A 16 unit apartment complex for $100,000 at 11.5% interest. It was a free and clear equity driven low documentation refi with no appraisal so it closed fast!"