Capital from Bridge Lender

Get Capital from Bridge Lender for Your Loan

Bridge Loan provides you short-term first mortgages on commercial properties. These loans typically come with 6-month to a 3-year duration. You can secure a bridge loan when you (as a borrower) are waiting for a long-term financing approval to come through or you are attempting to refinance your existing mortgage/obligation.

 Pros and Cons of Capital from Bridge Lender

There are pros and cons related to securing capital from bridge lenders. Be sure to consider the source of capital carefully.

Pros

  • Bridge loans are easier to get, and the lenders typically have a fast close timing for this type of financing.

  • The lenders offering bridges loan do not require a long list of documents

  • These are short-term loans that you can pay as and when the cash becomes available.

Cons

  • You will have to pay higher interest rates compared to other types of loans.

  • You will have to pay a higher fee compared to other financing options

  • Your monthly payments may be larger compared to other loans as this is a short–term loan that you have to pay within 3 to 18 months.