Residential, Single-Family or Multi-Family, Investment Property, Commercial, Industrial and Land
Bridge loans are also perfect for buyers who have liquidity constraints.
Helps borrowers with near term challenges, or those who are unable to secure conventional financing.
Bridge loans are short-term loans that “bridge” the gap between a real estate transaction and the closing of conventional financing or some other type of financial transaction.
Nell closes on a $340,000 rehab project in Port Saint Lucie, FL, using a bridge loan from BCC Finance Group. The borrower will have to contribute 15% of the purchase price in cash to closing based on a 85% loan-to-value set by the lender. This makes the principle note from BCC Finance Group $289,000. The loan also has the following features: 1) a 18 month length, 2) a 12% interest-only note, and 3) a two percent origination charge.
Work Hours :
Subscribe our newsletter to get our latest update & news
Copyright 2023 © All Right Reserved Design by Rometheme
