What is a Bridge Loan?

A bridge loan is defined as a short-term (12-24 months) real estate loan that closes faster than term loans or conventional loans. It's great for real estate investors because not only does it close quickly, but the guidelines are more lax, therefore there is less underwriting and documentation needed.

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Bridge loans are temporary loans, secured by the asset (real estate), the typical property bridge loan has a term of 12-24 months, although many bridge loan lenders will grant the owner the option to extend his loan for six months to one year.

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Few lenders do Bridge Loans, however at Fast Money For Flips we have broken the status quo of conventional mortgages by providing this loan to nationwide real estate investors.

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Like a typical bridge loan, which is a short term loan, the same structure and outline can be utilized on commercial properties in a commercial bridge loan. This type of loan can also be a valuable tool for purchase or refinance of office buildings, hotels, retail property, and multifamily housing including apartment complexes.

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Why Should You Use a Bridge Loan?

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• It's straightforward & easy: This type of loan has short-term financing (12-24 months) for real estate investors, who prefer to finance the purchase and/or rehab of their investment property, with a fix and flip loan (also a bridge loan) or a cash out refinance loan... rather than buy fully in cash.

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• Quick access to funds: With conventional loans, there are qualifications that restrict you from getting access to those funds. With a bridge loan there are less guidelines, underwriting, and restrictions that will provide you with quick access to funds.​

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• For every type of real estate investor: A bridge loan is a great solution for any real estate investor - at all experience levels.

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• Options for all types of properties: At Fast Money For Flips we have bridge loans that are tailored to  your investment needs. Here are some of our bridge loan options for real estate investors; fix and flip, cash out refinance, or purchase money.

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BRIDGE Loan Summary

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• Multi-Family, 1-4 Family, Commercial (for more information on Commercial Bridge Loans)

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• $75K – $5M

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• Loans up to 75% of value ( on Fix and Flip -up to 90%)

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• 12-24 months 

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• Purchase, Refinance, or Cash Out

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• Foreign Nationals Eligible