How Does a Bridge Loan Work?

How does a bridge loan work? Often a commercial borrower needs a bridge loan in order to facilitate the financing a property for a short period of time. A bridge loan is a specially designed form of financing that is used when a borrower is expecting to sell a property quickly or refinance it within the near future.

How does a bridge loan work in regard to properties? Security National Capital offers a bridge loan on a variety of commercial properties including apartments, retail, industrial, office, medical office 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.

How does a bridge loan work in regard to time? A bridge loan is usually offered for terms of 12-24 months and many can be refinanced into low cost, long-term financing through Security National Capital. A bridge loan is not only for shorter terms, but is also often needed to close quickly. We pride ourselves in being able to meet our clients' financing needs in a timely manner.

How does a bridge loan work in regard to interest rates? The bridge mortgage loan interest rates vary and are changing constantly. The best way to find out what terms you will receive on a bridge mortgage 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 bridge mortgage loan financing request.