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Bridge Loans for Property Development - Whitehall Capital

A real estate bridge loan company might extend a short-term loan, backed by a first mortgage on the acquired building, to provide the funds for the redevelopment scheduled for completion in one year’s time. Source: http://www.whitehalllending.com/bridging-loan-for-property-development/

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Bridge Loans for Property Development - Whitehall Capital

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  1. Home Services Contact Property Development Bridge Loans A classic example would be developers who use their own capital and/or bank credit lines to acquire a building for a redevelopment project, for example, a change of use from offices to luxury residential apartments. These developers might not be able to secure additional financing for the development project itself from a bank loan. To meet this need, a real estate bridge loan company might extend a short-term loan, backed by a first mortgage on the acquired building, to provide the funds for the redevelopment scheduled for completion in one year’s time. Upon maturity of the bridge loan the developers would repay in full, either through the proceeds of selling the renovated building, or through securing longer term financing from a bank using the now more valuable renovated building as collateral. Your Details Let us know how to get back to you. First Name * Tel Number * Email Address *

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