Short Term Financing Secured with Commercial Real Estate
Working with private investment firms, Commercial Source Funding offers bridge and hard money financing for our clients that are looking for a solution to get them from where they are to where they’re going. This type of financing can be a lifesaver when financing is needed in short order. “Bridge” loans are primarily collateralized by a parcel of commercial real estate held or owned by the client.
- Typically from $1,000,000 to over $100,000,000
- Interest only amortization
- LTV of up to 80%
- Interest rates vary based on collateral of real estate
- Origination fee between 1%-5%
- Typical closing and funding timeframe is 1 week to 1 month
A Non-typical Financing Opportunity
Bridge and Hard money loans are not always the ideal solution with having higher interest and origination costs and shorter terms, but can be the very program that can help our clients complete the last hurdle of a project…or bridge the gap until more long term suitable financing can be secured and funded. Please contact us today if you’re interested in learning more about this type of financing.