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Bridge loans are temporary loans, secured by your existing home, that bridge the gap between the sales price of a new home and the homebuyer’s new mortgage in the event the buyer’s existing home hasn’t yet sold before closing. In other words, you’re effectively borrowing your down payment on the new home.
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Abel Commercial Funding is able to provide bridge loans and hard money to help your business thrive when you are between hefty transactions. What Is a Bridge Loan? A bridge loan helps you to cross the monetary gap when you are between large business transactions, such as selling one property after you have purchased another.
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A hard money bridge loan can be funded within days for investment property. An owner occupied residential bridge loan will take approximately 2-2.5 weeks due to current federal regulations that all lenders must comply with. Private bridge loans from hard money lenders can be approved and funded faster than any other source of bridge loan financing.
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Zeus Hard Money is the only hard money lender in the United States specializing in bridge loans for homebuyers who desire custom-tailored loans. These loans address a variety of unique transactions involving property acquisition, refinancing, non-traditional borrowers, non-traditional property type/condition as well as transactions requiring time-sensitive (fast) closings.
Bridge the Gap Funding offers a wide range of funding options for your real estate deals. We make it possible for the everyday real estate professional to invest in highly profitable real estate transactions. Choose an Option Here
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