Bridge & Hard Money
Fast and convenient financing has never been as simple as it is today. Using our expansive lender network, we can match you with the right business loan now so you can get to work on your next project without delay.
What is Bridge & Hard Money financing?
Bridge and hard money loans are often confused, but they’re not the same thing. Bridge loans “bridge” a time span between immediate need and future financing. Future financing can be a long-term loan, the sale of a property, or an influx of income from tenant payments. Hard money loans use a business’s “hard” assets, like real estate property and equipment, as security. The assets become collateral on the loan so the business’s credit history plays less of a role in the approval process.
The best reason to get either type of loan is speed. It’s not always possible to wait for weeks or months to be approved for traditional financing. Bridge & Hard Money loans can be approved quickly because private lenders aren’t bound by the same restrictions. This allows them to provide safe and secure financing in a short amount of time.
Commercial Real Estate
Be competitive by making a cash offer on prime real estate. Bridge and hard money loans give you the power you need to close deals quickly.
Equipment
Bring new equipment into your business fast with an equipment loan. Use financing to jump-start production so you can satisfy more clients today, not tomorrow.
Working Capital
Leverage the power of your assets to boost your working capital. With hard money loans, you can get the value of real estate, equipment, and other assets as a cash payment to put toward any legitimate business expense.
Advantages of Bridge & Hard Money Loans
- Same-day approvals.
- Poor credit is not a problem.
- Flexible options.
- No long-term obligations.
Frequently Asked Questions
When is Bridge & Hard Money financing not a good fit?
The convenience of bridge and hard money loans can come with a higher price tag than other forms of financing. If you aren’t pressed for time, we can help you find lower interest options.
Is Bridge & Hard Money right for my business?
With any loan, it’s important to evaluate your business’s ability to repay the debt. These loans are short-term and must either be paid at the end of that term or transitioned to long-term financing.
What is the average interest rate on a hard money loan?
The interest rate on your loan will depend on the purpose of the loan, meaning that real estate loans will be different from construction loans, etc. We’ll work with you to find the best rates for your particular financing goals.
Do Bridge & Hard Money loans require a down payment?
Most of these loans do require a down payment. The amount of your down payment will vary by lender, intended purpose, and total loan amount. Let us know what’s in your budget and we’ll match you to a loan suited to your needs.