Short Term Financing - Easy In/Easy Out!
Sometimes speed of close and low money down are more important that interest rate. Sometimes borrowers just need a short term solution that will work. Yes, the rates are higher but Interest Only means monthly payments are kept low. These loans are about closing the deal and then getting permanent financing.
Bridge programs offer the following:
- Investment property or Owner Occupied
- Options for loans in 2nd lien position, keep your existing first!
- High leverage cash out for condos, SFR, 1-8 units.
- Borrower can close in an LLC or other business entity.
- No pre-pay penalty. No fees to get out of loan.
