Bridge loans, in commercial building or business lending projects, refer to a sum of money lent by a bank or private lender that is used to cover a period of time and costs between two transactions. Basically, it is a short-term loan. Many times the person needing the bridge loan will use the current commercial property or business as collateral for the loan.
An example might be the need for short term financing until your commercial property investment becomes stable enough for generating its own income. It might be that you are working towards refinancing or better permanent financing options and a bridge loan would be used for immediate cash flow needed to meet current obligations to proceed.
Other terms used in lending options for similar financing needs are:
Swing Loans
Gap Financing
Interim Financing
If you need financing help, call or contact us! We can help with a bridge loan and other project financing loans. We bring you the best in financing options in California to meet your specific and personal needs.