How Can We Help?
502-262-2067
A hard money bridge loan is short-term financing that covers the gap between buying or repositioning a property and securing long-term financing or selling. Investors use bridge loans to close quickly, take on time-sensitive deals or stabilize a property before refinancing. All HardMoney Company loans are business-purpose only.
Hard Money Bridge Loans at a Glance
| Topic | Answer |
|---|---|
| Best for | Fast closings, time-sensitive purchases, buying before a refinance or sale |
| Property types | Single-family, multi-family (including 5+ units), commercial, industrial, office park |
| Loan amount | $150k minimum, no maximum |
| Term | 6–18 months |
| Loan-to-value | Up to 80% |
| Time to close | As little as 7 days |
| Borrowers | Investors and business entities; no owner-occupied homes |
Hard Money Bridge Loan Lender
Our commercial and residential bridge loans are designed as interim financing for an individual or business until permanent funding can be found. As professional bridge loan lenders, our team can help you get the short term cash flow that you need to fix your property or the capital you need to purchase another property. Our team has the experience needed to guide you through the entire bride loan process with favorable loan rates. Our team has experience with residential bridge loans as well as commercial bridge loans so you can rest assured that we can help with nearly any project that you may have. The HardMoney Company is a private hard money lender which allows us to provide our clients with custom bridge loan rates and turn-around-time that banks aren’t able to offer.
Hard Money Bridge Loan Basics
A bridge loan is a specific type of loan used by residential and commercial property owners to secure the short term capital they need to work on their property until they are able to secure permanent funding. Bridge loans provide the property owner with quick cash flow so they can continue to work on their property or even to provide them with the capital they need to purchase another property. Once a commercial or residential property has been purchased, it may take time to improve the residence, place tenants, or sell the property. A Bridge Loan can provide the funds for an investor, real estate professional, or contractor to purchase, build, fix, or flip a home or building. For example, if the property is on the market to be sold and you need a temporary loan to purchase another property, the HardMoney Company will give you a Bridge Loan. If you own a property free and clear or with substantial equity, you can use this as collateral for a Bridge Loan. Take the First Step Toward Funding — See if You Pre-Qualify for Your Loan Today!
Free Loan-Application Process
Benefits of a Bridge Loan
The main benefit of bridge loans is that the financing deals are flexible to help individuals and corporations secure the intermittent capital they need for their real estate investment projects. Project expenses can pop up out of nowhere which can cause issues with your project, but a bridge loan will provide you with the cash flow you need to continue operations. Bridge loans are known for their flexibility which makes it a great option for a wide variety of different types of projects as you can work with the hard money lender to find a deal that works for your project. Our team can help you receive a bridge loan in order to have the funding you need to progress your project.
Bridge Loans vs Traditional Loans
Bridge loans are often confused with traditional loans but they provide a much different opportunity compared to traditional loans. A bridge loan is utilized when an individual or a corporation requires fast access to funding. This funding can be used to keep their project on schedule, to repair their building, or to cover cash flow issues in the short term. Bridge loans typically have higher interest rates because they are utilized over a shorter period of time, whereas traditional loans aren’t known for being specifically short term loans.
How Bridge Loans Work
Bridge loans can also be known as interim financing or gap financing, but they work by providing property owners the cash flow they need to bridge the gap when they are awaiting capital from their property but the funds aren’t available yet. Bridge loans are used by large commercial corporations as well as individual residents through a variety of different situations. Residential bridge loans are often used by homeowners who are looking to purchase a new home while their current home is still on the market. The loan gives them the capital they need to close on the new house while they wait for the original house to sell. The same process is possible for commercial bridge loans as property owners will need time and capital to repair the property before they sell it. Our team can provide you with the short term capital that you need to move forward with flipping your property.
Types of Loans We Offer
Frequently Asked Questions
What is a bridge loan used for?
A bridge loan is short-term financing that covers the gap between buying or repositioning a property and arranging long-term financing or a sale. Real estate investors commonly use bridge loans to close quickly on time-sensitive purchases, buy a new property before selling another, or stabilize a property so it qualifies for permanent financing. HardMoney Company’s bridge loans are business-purpose only and aren’t available for primary residences.
How long is a bridge loan term?
HardMoney Company’s bridge loans typically run 6 to 18 months. That window is meant to give investors time to finish renovations, lease up a property, or arrange a sale or refinance. The right term for a given deal depends on the project timeline and the exit plan, so it helps to talk through your schedule with a loan officer before applying.
How fast can a bridge loan close?
HardMoney Company can close bridge loans in as little as 7 days. Approval focuses on the property and the deal rather than lengthy bank underwriting, so hard money bridge loans usually close much faster than conventional financing. Actual timing depends on title work, the property valuation and how quickly the borrower provides documents.
What LTV do you offer on bridge loans?
HardMoney Company offers bridge loans up to 80% loan-to-value (LTV). LTV compares the loan amount to the property’s value, so a higher LTV means you bring less of your own cash to the deal. The final LTV on a given loan depends on the property and the overall strength of the transaction.
Can I use a bridge loan for commercial property?
Yes. HardMoney Company provides bridge loans on commercial property, including office parks, industrial buildings and multi-family properties with five or more units, as well as single-family and smaller multi-family investment homes. Loan amounts start at $150,000. All bridge loans are business-purpose only, and the company doesn’t lend on owner-occupied primary residences.
What is the exit strategy on a bridge loan?
The exit strategy is how you plan to repay the bridge loan when the term ends. The most common exits are selling the property or refinancing into long-term financing once it’s renovated, leased or stabilized. Lenders look closely at the exit because a short-term loan depends on it, so a realistic, documented repayment plan strengthens your application.
Executive Service from the Owner
At HardMoney Company, all clients will deal directly with our business owner and partner, Gus Goldsmith. Your hard money loan needs are our top priority!
As always, our friendly and professional staff can answer any questions or comments about our loans. Interested in a hard money loan for your business?
Call today!