BRIDGE LOAN FINANCING
Bridge Loans
The primary goal of a bridge loan in commercial real estate is to provide quick, short-term financing to ‘bridge’ the gap until the end result is obtained.
Bridge loans are shorter in term ranging typically from 6 months to 3 years and have higher interest rates to off set the risk that the lender takes. Bridge loans are paid back once the property is sold, refinanced, property improvements have been made or a specific change has occurred to allow for permanent financing or a sale.
What can Bridge Loans be used for?
Quick Purchase
Property Improvements
REO Purchase
Refinance a Note that's Coming Due
Lease Up Period
Partnership Buyout
Other Unique Situations
Advantages of a bridge loan include; quick closing, limited documentation, no prepayment penalty, asset based analysis along with many others. The bridge loan product is one that is based on the deal as a whole; evaluating the asset as well as the sponsor.
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1658 Milwaukee Ave #100-6155
Chicago, IL 60647
Office: 773-877-3221
Email: loans@duke.capital
Duke Capital Advisors is an innovative commercial lender financing real estate investors and small businesses through out the United States. Our mission is to strengthen economies by helping businesses grow. Brokerage services provided by Duke Capital Advisors, LLC a registered corporation in the state of Illinois.
14843 Founders Crossing
Homer Glen, IL 60491
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