Bridge to a Brighter Future

Do you have a loan deadline looming and the clock is running out faster than you’re able to find alternative financing? Does your commercial investment property have a temporary vacancy bump or need renovations to attract better tenants and increase cash flow in the future?

In the COVID affected economy of today, many lenders have pulled back on their credit appetites, causing stress among borrowers with upcoming loan maturities or who need new financing.

There are many situations where a short-term loan could pave the way to a brighter future when permanent loans are not an option. A profitable solution could be what is known as a “Bridge Loan.” It does exactly as its name suggests – provide a bridge from your current situation to a more certain future.

Bridge loans are short-term financing offered when traditional long-term mortgages may not be available. Typical terms are 12 to 36 months with interest-only payments. They provide a temporary solution to borrowers in a time crunch. In short, bridge loans help in situations where property owners need time to better position their facilities for the long term.

To make the best use of your valuable time and resources, a great approach could be to work with a mortgage broker who can be arranging your permanent financing while you enjoy the temporary reprieve from deadline pressure and improve your commercial real estate. Time is money, and such a seamless approach can put more of both in your pocket.

We at Preferred Capital Funding have many resources to help with both bridge/short term financing as well as very attractive permanent lending solutions. Contact us today at 770-648-8100 let’s get started on your future.