Commercial Bridge Loans
As stated, Commercial Bridge Loans are short-term loans, usually having a term of 12, 24, or 36 months. Many Commercial Bridge Loans offer the option of extending the life of the loan another six months to a year.
A Commercial Bridge Loan is a valuable tool when looking to purchase or refinance an office building, retail space, and multifamily properties, including large apartment complexes. The benefit of closing quickly, with limited documentation is just part of the attraction of Commercial Bridge Loans. In addition, Bridge Loans can cover up 100% of the rehab or construction cost of your project