FINANCIAL SERVICE:

BRIDGE LOANS

LINES OF CREDIT TO $750,000

TERM LOANS TO $1,500,000

ASSET BASED TO $30 MILLION

What is a bridge loan?

A bridge loan is a type of short-term loan that provides immediate funding for a specific purpose until a more permanent financing solution can be secured. It’s called a “bridge” loan because it “bridges the gap” between two financial events. These loans are most commonly used in real estate (Secured) or for working capital (Unsecured).

How does a bridge loan work?

Bridge loans are made to a borrower with a clear exit plan of how the borrower will pay off the loan. The plan could be as simple as they need time to switch to another bank; collect on outstanding accounts receivable or they need time to rent out a building. There are hundreds of reasons why bridge loans are needed and all of them have to with buying the borrower additional time to go from Point A to Point B. The critical parameters to a bridge loan are therefore time to close and certainty of close.

Bridge Loan Benefits:

Speed – bridge loans fund within a week for working capital and one month for larger real estate backed loans where appraisals are required.
Certainty of Close– No bank boards or large credit commitees will be involved.
Higher Approval Rate – Non bank lenders have different lending restrictions than banks and have much higher approval rates.
Access to Capital – When banks can’t provide capital, short term bridge capital is available with private debt funds.

What are commercial real estate bridge loans used for?

Commercial bridge loans are used by real estate investors and business owners in several different circumstances, including to:

Create working capital for a seasonal business.
Buy some time as accounts receivables are paid by customers.
Refinance an expiring term loan and carry the business for a few months until a SBA loan comes through.
Pay for operating expenses when a company transitions it’s loans and treasury accounts from one bank to another.
Stabilize an investment property so that it’s cash flow and debt obligations will qualify it for a permanent loan.
Refinance an expiring term balloon loan while waiting for interest rates to drop before a new permanent loan is established.
Pay off a shareholder or other investors.
Cash-out in order to finish a construction project that’s exhausted its financing.
There are thousands of other situations when bridge loans are used!

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What We Do

How does Bridgeloan.io work?

Fill out Quick Application to get pre-approved.
Bridgeloan.io will match your parameters with your critical needs to private lenders in our network.
We will contact you in person to discuss options and timelines of obtaining financing; get to know some of the backstory and verify your interest.
We will provide you with a short list of documentation and help you submit to the lenders.
We will facilitate Term Sheets / Letters of Intent.
We will discuss your options and coordinate closing with the lender.