Bridge Loans

Bridge Loans are temporary, short-term loans that bridge the gap between the sales price of a new property and a property buyer's new mortgage, in the event the buyer's property has not yet sold. The bridge loan is secured by the buyer's existing property.

Why would you use a Bridge Loan?
Bridge loans are often used for commercial real estate purchases to close quickly on an investment property, keep real estate from foreclosure, or take advantage of a short-term opportunity to secure long-term financing. Traditional Loans can take 45 days or longer to close, but you may need cash sooner. A Bridge loan is the perfect solution. Close a short-term bridge loan in as little as 7 days and pay it off with the proceeds when your property sells.

What type of Properties Can a Bridge Loan be Used for?
We approve Bridge Loans on the following property types:

• • Shopping Center Bridge Loans
• • Office Buildings Bridge Loans
• • Apartment Building Bridge Loans.
• • Condominium Building Bridge Loans
• • Multi Family Bridge Loans
• • Land Bridge Loans
• • Mixed Use Bridge Loans

Why waste your time completing forms, submitting documentation, and financials, and working through lengthy traditional lending review processes only to be turned down. Commercial real estate lending is all we do, so we understand the nature of the business. We have streamlined the lending process for our clients. Under favorable circumstances, we can close in seven days or less!

When you are looking for a bridge loan that can be closed in a short period of time so you can get the cash you need, contact Hard Money Lenders New Jersey. We look forward to working with you!