We Offer Bridge Loans.

Bridge loans are short-term loans that are utilized until the borrower can find permanent financing or eliminates an existing obligation. It lets the user meet current obligations by providing immediate cash flow. Bridge loans are usually short term, 12 to 24 months, and are backed by collateral in the form of real estate. Bridge loans are primarily used in real estate by house flippers looking to turn over properties. Bridge loan lenders, like those of us here at LJC Financial, want you to have the funding you need without taking on an unnecessary risk.

How a Bridge Loan Works
They are also known as swings loans, interim financing, or gap financing, and bridge loans “bridge” the gap during times when financing is needed but not yet available. These loans are customizable for different situations. Borrowers use the home or the equity in it as collateral for the loan until they can find something more long term. In the house flipping world, swing loans allow buyers to purchase multiple properties during the same period of time and work on them. It also allows them to hold multiple properties while they are waiting to sell them.

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.

When you are looking to secure a bridge loan, LJC Financial can help. We are experienced bridge loan lenders that do business in Houston, Dallas-Ft. Worth, San Antonio, and Austin. Contact us today.
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