Finance $1,000,000 to $100,000,000 with Bridge Loans
Have you ever wanted to invest in real estate but you didn’t have the available capital at the time to make the deal work? For many savvy investors timing is everything, and missing out on the opportunity to buy or sell real estate can have significant long-term financial consequences. Next time you are ready to move forward with a real estate transaction, contact BizCom Loan about our bridge loan options.
Fill in Between Acquisition and Permanent Financing
Whether you are trying to purchase a new real estate asset or you want to renovate and remodel an existing one, finding the funds through conventional lenders can be difficult and time-consuming. That’s where bridge loans and hard money come in—they can provide a short-term lending solution to acquire property while you sort out the paperwork, down payment, and other requirements for more traditional long-term financing.
Renovate Existing Buildings
Since most conventional loans require that you have an asset worth the amount of the loan, it can be difficult to finance renovations that will increase the value of your property, but that you cannot justify based on the current value of your real estate investment. Bridge loans and hard money give you the cash up front with very little down payment so you can make repairs and renovations in order to qualify for the higher loan value.
Commercial Bridge Loan Criteria
- Loan Size: $1,000,000 to $100,000,000
- Lending Area: National and international
- Collateral: We lend mainly to commercial real-estate, including raw land and development projects
- Interest Rate: Variable from 9% to 14%, depending on collateral
- Amortization: Interest-only
- Loan-to-Value Ratio: Up to 80%
- Origination Fee: 1% to 4%
- Closing Time: 5 to 30 days
Talk to the Experts Today
Getting the right bridge loans or commercial financing requires that you work with the right people. At BizCom Loan we have great partnerships with private investment firms and can leverage those connections to help you get the loan you need quickly and easily. Call us today to learn more.