Commercial Bridge Financing

1. Commercial bridge loans, also known as herd money bridge loans fill an important need in the commercial real estate market. They represent bridge or gap financing to bridge the gap between non-traditional and traditional. Aka conventional commercial real estate financing. But the number 1 reason most investors and commercial real estate owners seek commercial bridge loans is speed. Allow me to give but a few examples of when the significantly faster origination period of a commercial bridge loan over a conventional commercial real estate loan is crucial. commercial bridge loans

2. Commercial Bridge Loan Commercial bridge loan programs to bridge the gap until a conventional commercial loan is your best option. We also offer short term commercial bridge loan programs also known as hard money bridge loans can be a life saver for an investor or business person in difficult times. This is more true today than ever due to the increased commercial underwriting requirements instituted by the banks post the real estate and financial debacle in 2007 and 2008.

3. Commercial Bridge Lenders We have commercial bridge lenders in all 50 states including commercial real estate bridge loans for a cash out short term commercial loan with qualifying LTVs and construction loans. These commercial hard money loans, aka short term bridge loans can even help you avoid a commercial foreclosure, take advantage of a big opportunity or tap some existing equity short term for a business opportunity. Programs Start at $500,000 and go into the millions.

4. Commercial Bridge Financing Unfortunately, the pendulum for commercial real estate (and other business loans) as in residential real estate loans swung from the extremely easy to the extremely difficult. Just about any blemish in an individual’s credit (often not in their making) will get a swift and decisive “No”. Our Commercial real estate SBA alternative loans many times are a perfect alternative for people turned down by an SBA lender. So if you’ve been turned down for an SBA loan, you’ve got plenty of company.

5. Commercial Bridge Loans Our assisted living loans include assisted living rehab loans Commercial Bridge Loans when in business less than 2 years – We don’t have a hard amount of time in business for our commercial loans. Stated Income Commercial loans where no tax return is required, simply a P&L. Commercial Financing for Low Occupancy Properties – Unlike other commercial loan programs requiring a relatively high occupancy rate requirement, we look at the big picture. Mobile Home Park Financing loans, both purchase and refinance including cash out. Our mobile home park loan programs can have an LTV up to 70%.

6. Commercial Bridge Loan • Say you’re an investor looking for opportunities in the commercial real estate market and there are quite a few. You discover an apartment complex that the owner for whatever reason has let deteriorate and as a result got behind on his mortgage payments to the bank. As a result, the bank is no longer willing to work with this borrower and has given a foreclosure notice. Despite significant equity, the borrower can’t refinance due to their poor pay history but doesn’t want a foreclosure on their credit history as it would affect all their other properties. In this scenario, you could not only be a “white knight” for the borrower but could also acquire the property well below its market value, particularly the value after some renovations. If you go the traditional commercial real estate loan process, you’ll firstly miss the opportunity as the process will take too long and secondly you probably couldn’t get a conventional multi-family loan as the property isn’t what a lender considers as “stabilized”. The best and probably only solution, unless you have the funds to pay all cash is a commercial hard money bridge loan.

7. Commercial Bridge Lenders Once a customer experiences a “blip” in credit (even unrelated to their commercial loan) or pay history, most banks will ‘show them the door’ and often not giving them sufficient time to acquire a new replacement loan. If the borrower is behind on their payments, catching up rarely avoids being told to go elsewhere. These scenarios are exactly what commercial bridge mortgage financing aka hard money lending are for. They can close quickly and provide a short term (bridge) solution for the borrower to avoid foreclosure which of course makes it next to impossible for the borrower to get a new traditional loan for years and while a commercial aka hard money bridge loan can be expensive, the alternative is dramatically worse.

8. Commercial Bridge Financing Another situation where hard money bridge financing is appealing is for buyers of commercial real estate who want to seize an opportunity but the time frame for a traditional commercial bank loan (45-60 days or more if it’s an SBA loan) is to short. Rather than lose the opportunity, the buyer pays the extra financing costs to buy time since they close much faster, although traditional hard money loan rates with hard money mortgage lenders are in double-digits.

9. Commercial Bridge Loan Say you are the owner of a strip mall but get into a nasty divorce and it destroys your credit, a reality all too often. The mall’s mortgage is up for renewal and when the bank pulls your credit for the loan’s renewal, it balks on refinancing the property. So now you are facing a foreclosure which will finish off your credit and make it impossible to keep your existing property much less invest or refinance other properties. A short term commercial bridge loan where credit isn’t an important factor is your best route. It’s fast and will help you avoid the foreclosure.

10. Commercial Bridge Loans For more information visit our website: www.usfscorp.com