Commercial Bridge Loan
Many times a company is approved for a loan through its bank, or financial institution, but the loan doesn’t close for 4-6 months. During that time we can provide a short-term commercial bridge loan, which will be paid back when the senior loan closes, so your short-term financial needs can be met.
Advance Capital Group offers commercial bridge loans on a variety of commercial properties including apartments, retail, industrial, office, health care and mixed use. When a bridge loan is made, we look for an "exit strategy" to be certain that our borrowers have a plan to retire the loan through selling or refinancing the property. Bridge loans are usually offered for terms of 12-24 months and many can be refinanced into low cost, long-term financing through Security National Capital. Commercial bridge loans are not only for shorter terms, but are also often needed to close quickly.
Commercial bridge loan interest rates vary and are changing constantly. The best way to find out what terms you will receive on a bridge loan would be to call us and spend a few minutes on the phone while we analyze you specific financial needs. Our minimum loan amount is $500,000 with a maximum of $5,000,000. Our goal is to assist you quickly and courteously with your commercial bridge loan financing request.
We can also provide other types of short-term collateralized loans and can usually close in 10 days or less.
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