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Real Estate Bridge Loans in United States
A bridge loan is a short-term solution in commercial and residential real estate. Homebuyers sometimes take out bridge loans, which provide the money to help buy a new home, investment property, or commercial building.
A real estate bridge loan is typically used until a person or company either secures permanent financing with a traditional lender or removes the obligation through the sale of the property.
With this type of loan, expect higher interest rates than conventional or bank loans as they are intended for shorter periods.
Global Integrity Finance offers a convenient way to secure and expand your bridge loan real estate investment. You can apply for one and receive your loan in just a few days! Contact us and let our financial representatives assist you in this matter.
Benefits of our Bridge Loans
A bridge loan is ideal for any immediate real estate business needs. It lets you focus on renovation, upgrading, and restoration projects, which can be finished in a month or two.
You can use the following advantages through a bridge loan:
Easy and Fast to Apply
The application process for traditional loans tends to be longer if made through a bank. It may take several days to a couple weeks before you get the approval. If you get a bridge loan with us, you can receive the amount after a few days and start your project as soon as possible.
Fast Approval
We base your application’s approval on the real estate’s value. While banks look into your credit score and debt-to-income levels, we do not make your credit history the deciding factor. Instead, we look into the investment property’s value, giving you a higher chance of fast approval.
Easy Repayment
A bridge loan does not require your monetary payment. You can repay it through the property once it is refinanced or sold without having to shell out your own money.
Competitive Interest Rates
You can avail of a bridge loan for as low as 6.95% interest rates. There are no hidden fees that come with the loan.
Looking for bridge loans for investment property? At Global Integrity Finance, our bridge loans are the ideal solution for real estate financing when you need short term funding for deals that need more time for building equity and appreciation.
Understanding Bridge Loans
These loans are also known as fix and flip loans, interim financing, swing loan, or gap financing. They provide investors with the money needed to restore an investment. They are usually built on 12-month terms or less.
You can acquire this loan in just a few days. Though they can be easier to obtain, they are similar to other property loans because they require some collateral. This collateral can be the expected value of the investment after its restoration.
Bridge loans are based on the amount borrowed from the value after the repair or on the ratio of loan to cost. This is just one of many ways to finance your investment properties.
How Our Bridge Loans Work
What bridge loans do is close the distance between a down payment and the mortgage of a new home and that of the investor’s mortgages that they already have.
Doing this allows investors to borrow the down payment amount just long enough to restore the property, which are usually homes.
Real estate investors use bridge loans to build a portfolio for growing a business. This loan product enables them to be invested in more than one thing at a time.
A bridge loan for an investment property can assist borrowers in finding a new tenant, solidifying the property’s cash flow, and even fixing environmental issues in the property.
The loan gets paid back once the investment property is sold or refinanced.
Talk to us at Global Integrity Finance if you want to get the best bridging loans available in the market. As a top bridge loan lender, we offer a free assessment of your requirements so you can make the most out of your hard-earned money.
Different Uses of Bridge Loans
The money you get from bridge loan investing can be used for different purposes. The possibilities are endless with bridge loans because it allows flexibility on how you want to spend the money.
Multifamily Building Restoration
A borrower can restore a property that is a multifamily building, such as an apartment. You can upgrade appliances, counters, flooring, and more, allowing you to raise rental rates.
Property Leasing
In the case of an office building, you may lease the property and use the bridge loan to help tenants utilize their space.
Retail Centers Investment
Retail centers are also a great idea for commercial bridge loan investing. They can often be bought at a discounted rate. The borrower will then hold the property for a period, such as 2 or 3 years, and then sell it. You can also buy an industrial building or portfolio to change the space.
Strengthen Cash Flows
A bridge loan investment banking also works to solidify the cash flows of a hospitality property before refinancing it with more permanent debt.
Reasons To Get Our Bridge Loan
Securing a bridge loan with Global Integrity Finance opens the door for you to expand your earnings while enjoying the benefits that come with the loan’s terms.
Are you looking for a bridge loan? Global Integrity Finance is here to help. We offer flexible, fast bridge loans that fit your budget and unique circumstances.
Advantages Of Our Bridge Loan Rates
Bridge loans may differ from other loans, but they are still financial contracts with interest rates.
The lender determines the rate of any bridge loan. Rates of loans vary depending on whether you borrow from a bank, private money, or private equity.
The terms of the loan will also vary in the same way.
However, the thing that makes bridge loans appealing to some investors also affects the interest rates. The wiggle room that comes with a bridge loan tends to make it come with a heftier price tag.
Compared to more permanent financing options, these short-term loans have higher interest rates. Consequently, lenders are typically less flexible regarding late fees.
Bridge Loan Advantages
A bridge loan has several advantages. It is flexible and can be used for short-term needs, unlike traditional loans requiring fixed terms and higher rates.
Fast to arrange
You no longer need to wait weeks or even months to get your loan. As long as you send the correct documents, you can expect your bridge loan to be transferred to your account as quickly as 48 hours!
Flexible lending criteria
Your credit history and monthly income are not significant factors when you apply for a bridge loan. Unlike banks that scrutinize your credit history and make decisions based on these aspects, our lending criteria depend on the property’s value.
All types of property can be used as security
A bridge loan is flexible when it comes to the type of property you choose. Whether it is multifamily buildings, retail centers, commercial units, land, or leisure complexes, lenders are more lenient with what you will use the property for.
Multiple properties can be used as security
A finance facility can be open to one or more properties for security. It can follow a first or second-charge set-up. The lender can also accept a combination for both charge basis.
Multi-purpose loans
You can use your bridge loan for any purpose you intend to use it. Bridge loan financers will not specifically consider how you will use the borrowed amount. What they look into is your ability to pay the loan back through the value of the property.
Why Choose a Global Integrity Finance Bridge Loan for Investment Properties?
We are dedicated
We are a team of devoted financial advisors ready to assist you with your financial decisions. Taking on a loan does not have to be crucial and challenging. We’ll guide you in every step of the application process, making it a seamless and convenient experience.
We maximize your potential
As you entrust your real estate investment with us, we will ensure that you are aware of your potential growth in increasing your real estate income. We’ll not only offer you funding options, but also guide you in the next steps of your journey so you can maximize your earnings.
Quick response time
We understand that you may need further information about your bridge loan or you may need more clarification about the terms. Our customer service representatives are ready to look into your concern and process your requests immediately.
We offer customized service
To help you plan your next move, we offer a no-obligation assessment of your financial needs. Explore more about what we can offer when you book a consultation with one of our finance experts.
FAQs
We answered some of the most common questions we encountered.
How much does it cost to get a bridge loan?
You do not have to give a hefty sum to get a bridge loan. In fact, you do not need to cash at all. You have to brace yourself for higher interest rates when you are looking to get a bridge loan. The rates can go from 8.5% to 13%, typically higher than traditional bank loans.
What are the requirements for a bridge loan?
To qualify for a bridge loan, you need the following:
- At least 20% equity of your current property
- Proof of income that can support up to three house payments
- Good credit standing
How long will it take to close on my bridge loan?
As bridge loans are short-term, lenders require borrowers to close the loan in 6 months up to 1 year.
What if I can’t get the money in time to cover the closing costs?
Failure to pay the loan on time as agreed with your lender means a breach of contract. Your lender may impose penalties for each month that you are not able to pay on time which tends to be higher than the regular rates you were paying prior to your missed payment deadline.
Sometimes, your property may result in repossession by the lender, but this is usually the last resort. The most important way to deal with late payments is to talk to your lender so you can explore available options.
How long do I have to pay back the loan?
Depending on the terms and conditions, a bridge loan can be repaid in 3-6 months or up to 1 year.
CONTACT US NOW
As an investor, if you are looking for an investment that is backed & secured by real estate, & protected by a great team with a proven track record. Investing with us, you will be able to see complete transparency on how we work with our clients & investors. Our investor portal will allow you to see how your money is working & growing, not just for yourself but others too.
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1600 Redbud Blvd, 4th Floor, McKinney, TX 75069
Phone Number
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LO@globalintegrityfinance.com
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