What is a bridge loan
Bridge Loan is a term used by Private money lenders when originating a non-traditional bank loan. The term bridge is a term used by people in the industry to bridge the gap between purchase and disposition via refinancing or sale. The Lenders rely upon originating bridge loans mainly on borrower’s assets and equity in the underlying collateral. These loans are most suited for a fix and flip investor that needs further financing either until closing of a transaction or resell the property usually within less than a years’ time. Bridge loans mainly on borrower’s assets and equity in the underlying collateral. These loans are most suited for a fix and flip investor that needs further financing either until closing of a transaction or resell the property usually within less than a years’ time.
What are commercial loans
Any property that has a commercial use can be used as collateral for a commercial loan. At Sunset, we lend on all types of commercial property from office buildings and strip malls to large shopping centers (with or without an anchor tenant) that is located within the continental United States. We also provide rehab and construction financing on Commercial property and can easily roll a bridge loan into permanent financing.
Bridge Loan is a term used by Private money lenders when originating a non-traditional bank loan. The term bridge is a term used by people in the industry to bridge the gap between purchase and disposition via refinancing or sale. The Lenders rely upon originating bridge loans mainly on borrower’s assets and equity in the underlying collateral. These loans are most suited for a fix and flip investor that needs further financing either until closing of a transaction or resell the property usually within less than a years’ time. Bridge loans mainly on borrower’s assets and equity in the underlying collateral. These loans are most suited for a fix and flip investor that needs further financing either until closing of a transaction or resell the property usually within less than a years’ time.
What are commercial loans
Any property that has a commercial use can be used as collateral for a commercial loan. At Sunset, we lend on all types of commercial property from office buildings and strip malls to large shopping centers (with or without an anchor tenant) that is located within the continental United States. We also provide rehab and construction financing on Commercial property and can easily roll a bridge loan into permanent financing.
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