Our commercial and residential bridge loans are designed as interim financing for an individual or business until permanent funding can be found. As professional bridge loan lenders, our team can help you get the short term cash flow that you need to fix your property or the capital you need to purchase another property. Our team has the experience needed to guide you through the entire bride loan process with favorable loan rates.
Our team has experience with residential bridge loans as well as commercial bridge loans so you can rest assured that we can help with nearly any project that you may have. The Credit Giant is a private hard money lender which allows us to provide our clients with custom bridge loan rates and turn-around-time that banks aren’t able to offer.
A bridge loan is a specific type of loan used by residential and commercial property owners to secure short term capital that they need to work on their property until they are able to secure permanent funding. Bridge loans provide the property owner with quick cash flow so they can continue to work on their property or even to provide them with the capital they need to purchase another property.
Once a commercial or residential property has been purchased, it may take time to improve the residence, place tenants, or sell the property. A Bridge Loan can provide the funds for an investor, real estate professional, or contractor to purchase, build, fix, or flip a home or building. For example, if the primary residence is on the market to be sold and you need a temporary loan to purchase another property, the Credit Giant will give you a Bridge Loan on your primary residence. If you own a property free and clear or with substantial equity, you can use this as collateral for a Bridge Loan.
Bridge loans can also be known as interim financing or gap financing, but they work by providing property owners the cash flow they need to bridge the gap when they are awaiting capital from their property but the funds aren’t available yet. Bridge loans are used by large commercial corporations as well as individual residents through a variety of different situations.
Residential bridge loans are often used by homeowners who are looking to purchase a new home while their current home is still on the market. The loan gives them the capital they need to close on the new house while they wait for the original house to sell. The same process is possible for commercial bridge loans as property owners will need time and capital to repair the property before they sell it. Our team can provide you with the short term capital that you need to move forward with flipping your property.
To better evaluate your loan, we personally meet with you at the property and discuss your objectives.
You will be required to complete our short online application. Once received and reviewed, we will order an appraisal on the property. (In Florida you must order the appraisal through one of our approved professionals). After both parties agree in principle, a good faith deposit will be required. The deposit will be credited towards closing costs.
We will contact you to re-verify all aspects of the loan and then schedule a closing.
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