Bridge Loan Program A bridge loan is interim financing for an individual or business until permanent or the next stage of financing can be obtained. Money from the new financing is generally used to "take out" (i.e. to pay back) the bridge loan, as well as other capitalization needs. Bridge loans are often used for commercial real estate purchases to quickly close on a property, retrieve real estate from foreclosure, or take advantage of a short-term opportunity in order to secure long term financing. Bridge loans on a property are typically paid back when the property is sold, refinanced with a traditional lender, the borrower's creditworthiness improves, the property is improved or completed, or there is a specific improvement or change that allows a permanent or subsequent round of mortgage financing to occur. The timing issue may arise from project phases with different cash needs and risk profiles as much as ability to secure funding.

Term: 1-3 Years Lending Area: Nationwide Property Type: All commercial properties considered Loan Size: $1Million to $100 Million Interest Rates: Rates may vary depending upon collateral type   Amortization: Interest Only Loan to Value: Up to 80% Lender  Points: 0-6% Taken at closing from the loan proceeds Closing Terms: Closings in as quick as 2-10 business days