Commercial Bridge Loans
Businesses often need to acquire commercial real estate within a short period of time. Long-term mortgage or refinance can take time to process. We at Mid-Atlantic Commercial Capital, LLC can assist you in applying for a commercial bridge loan to meet your immediate financing needs. Our vast experience in different types of commercial financing solutions allows us to arrange the ideal loan options for small businesses.
What is a Commercial Bridge Loan?
A commercial bridge loan is a short-term real estate loan designed for buying commercial property before a long-term mortgage can be arranged. These loans can be issued by traditional lending institutions including banks. They help your business compete with all-cash buyers. If you need to arrange funds quickly to take advantage of a real estate purchase option, we can help you.
Our commercial bridge loan solutions provide immediate access to funds for refinancing or quickly closing a purchase.
- Funds up to 75% of the value of the property
- Repayment within 36 months
- Payments need to be made only on the interest
- Principal payment is due at the end of the term
- Pre-approval takes up to 3 business days to complete
Thus, you can get access to purchase funds much faster than other forms of loans and act quickly.
Application of Commercial Bridge Loan
These short-term commercial loans are perfect for the following situations:
- Refinancing because of maturity
- Making the most of stabilization/repositioning opportunities
- Buying distressed real estate
The types of properties that are considered eligible under this program include:
- Self-storage facility
- Medical offices
- Assisted living
- Skilled nursing
- Franchised restaurants
The types of real estate-related transactions that are covered include:
- Financing an acquisition
- Debt consolidation
- Debt recapitalization
- Minor repositioning or construction
- Auction purchases
- Opportunistic purchases
- Discounted payoff financing
- CAPEX/FFE financing
Advantages of Commercial Bridge Loans
Before you apply for any types of loan for the above-mentioned commercial applications, it is recommended to know about the key advantages of choosing commercial bridge loans from us:
Low Monthly Payments
Payments are to be made only on the interest. This allows you to have more cash on hand for other business expenses. You can generate profits on your purchase before paying off the principal amount.
Most commercial lending options can take 45 days to 60 days to close. Commercial bridge loans through Mid-Atlantic Commercial Capital, LLC take an average of 30 days from application to close. Depending on the circumstances, it may be possible to close within 10 days as well.
Competitive Interest Rates
We can help you find competitive rates. This makes it easier for your company to borrow the funds required to grow.
When you choose our services, you will be working with one of the most reputed commercial finance brokers in the market. We help you find the most competitive commercial bridge loan options. We have over 35 years of combined experience in the field of commercial lending, acquisitions, real estate development, sales, marketing, and relevant fields. Feel free to call us today at (540) 825-9800 or write to us at firstname.lastname@example.org for more information.