BRIDGE & HARD MONEY LOANS

Bridge and Hard Money loans are two asset-based approaches to addressing urgent, short term financing requirements. Bridge loans often “bridge” the gap between an urgent acquisition, say a commercial property your business seeks to acquire for immediate revenue generation, and long-term, low interest loan. Hard money financing can be used to make a purchase you will be able to pay off in a short time frame. Regardless of which loan you choose, hard money can accelerate your time to close.

Bridge and hard money loans provide short term solutions where long term loans fall short.

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What is a Bridge Loan?

A bridge loan offers short term financing to help you act more quickly than you can with a traditional real estate loan. They help “bridge” the gap before long term funding comes through.

Bridge loans come with a variety of options. Some can turn into permanent financing (often called “term to perm” loans). Alternately, they allow you to buy while waiting for your current property to sell.

Ideal for Property Flippers

Bridge loans offer excellent options for those intending to renovate and sell real estate quickly. The highly competitive real estate market makes securing quick funding a necessity to stay ahead. These loans give property flippers an edge so that they can buy an ideal piece of property before it gets snatched up.

What is a Hard Money Loan?

Hard money loans also deliver short term financing solutions. They differ from bridge and other short term loans because they are secured against your business’s assets. You can use hard assets such as property and equipment to help you secure a hard money loan.

Cash gained from hard money loans can fund any number of projects you need, from hiring new staff to purchasing real estate. Because you secure hard money loans based on your current assets, their amount is limited to the value of your available property.

Turning Short Term into Long Term

While bridge and hard money loans typically begin as short term loans, you can refinance them into long term options. Speak with one of our loan brokers to help guide you through this process.

Real Estate

If you’re looking to purchase real estate in a competitive market, bridge lenders can enable you to make a timely cash offer. Bridge loans are great for fix & flips, since there’s no long-term commitment. Let us know about your target properties and we’ll help you find the right financing.

Equipment

Don’t wait for equipment to break down before you update it. With an equipment loan, you can start using new equipment right away. Vehicles, heavy machines, and hardware can all be financed through our lender network.

Working Capital

A business can be rich in assets but without working capital it can still fail. When you need to meet short-term expenses or just need a boost for special projects, we’ll show you the best working capital financing available.

When are Bridge & Hard Money loans not a good fit?

These loans are useful when you need a short-term financial solution. However, if you don’t need the money quickly, you may qualify for a loan featuring a lower interest rate. Talk to us about your financial goals. We’ll show you the available options.

Where do I get a Bridge or Hard Money loan?

Our office has been working with lenders in the area since we opened our doors. You can take advantage of our relationships to get the best bridge and hard money loans at the most reasonable rates.

Can I refinance a hard money loan?

Some hard money loans can be replaced by long-term loans, depending on your lender. If you’d like to refinance an existing loan, talk to us about long-term solutions.

Do hard money loans show up on credit?

When you apply for a loan, underwriters check your credit as part of the normal process. This inquiry will most likely show up on your credit report. Hard money loans also show up in asset searches. However, most lenders don’t report these loans to credit agencies unless there hasn’t been a payment.