A loan that helps close the gaps
Bridge Loan is a special loan program designed for investors who want to invest in a new property but are not freed up from their previous loan. The Bridge Loan helps close the gaps and allows borrowers to buy another property quickly and easily – without having to wait for their previous property to sell. A three-year interest-only program, this loan program is ideal for meeting short-term liquidity requirements and makes way for immediate cash flow.
Highlights
Ideal For
Highlights
- 12 months to 18 month term , interest-only
- Loans up to $2.5 Million
- Maximum loan-to-value ratio (LTV) – 75%
- No prepayment penalty
Ideal For
Borrowers who want to buy an investment property but are still waiting for their current home to sell.