Real Estate Bridge Loans
Bridge loan lenders love real estate, and our primary market is the people who take the challenges of this industry into their own hands. If a flipper has a gap in between the purchase of one property and the sale of another, they can use a bridge loan. Typically, bridge loan lenders only offer these loans to borrowers who they trust and who have excellent credit ratings. Bridge loans roll the mortgages of multiple houses together, giving the buyer flexibility as they wait for the properties to sell. The process for securing a bridge loan through a hard cash lender is much faster than with banks and not credit score dependent. Application, approval, and funding are usually done in a fraction of the time it takes traditional lenders.