A Bridge Loan is an are equity-based loan designed for borrowers who need fast creative financing without the stringent requirements of conventional underwriting. We are able to make quick decisions on loan applications to get a bridge loan closed fast.
Purchase Bridge Loan
What can you do if your new purchase transaction is at risk of falling through because you made an offer contingent on selling your old property but your old property hasn’t sold and you don’t have the cash to close? Consider a bridging loan. It may be the only way to save your purchase transaction.
A bridge loan will finance the period between two transactions. It provides the short term financing that holds you over so you can purchase and close on a new property and have the time it takes to sell the old property. Your bridge financing is paid in full when you arrange permanent financing on the new property.
A Bridge loan can save you from losing money already spent in the purchase process, reduce stress and protect you from serious financial difficulty.
Commercial Bridge Loan
We also arrange bridge loan financing for multifamily apartment buildings, mixed-use properties, retail properties, office buildings, hotels, industrial, restaurants, gas stations, churches and more
We work with borrowers who may not have the time to meet the stringent requirements of conventional underwriting guidelines by providing fast, creative finance solutions to get loans funded quickly.
In addition to bridge loan financing, we arrange acquisition loans,construction loans or permanent financing for both income-producing and owner-occupied properties with non-traditional programs and traditional 3, 5, 7 and 10 year fixed terms.
A Bridge Loan Company
ALLrate Funding Corp. is a bridge loan company specializing in bridge loan financing for residential and commercial properties nationwide.
For a quick answer to a loan scenario or a loan request, please call 800-818-2946 to speak with an Allrate Advisor.