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Follow on Google News | Bridge Financing and Why America Needs ItYour corporation was doing great, the local economy was keeping it alive and you were expecting a bright the future.
By: Pete Bridge loans are typically short-term, easily accepted loans that are typically secured by someones organization or that organization's property. These loans can typically be funded in less than one week and it is not unknown for them to be in of one-million dollars or even more. A bridge loan does exactly what the name implies. It "bridges" you through a frustrating era or gives you the ability to make a large purchase without waiting for long term financing to become accepted. Bridge loans are very easy to approve because they are based typically on 48 to 68% of your assets market value. For example, suppose you own a commercial property worth $1,000,000 and you want to purchase a relatively similar asset for the exceptional price of $631,000 but you only have a 5 weeks to pick up this new property at this discount. A commercial loan will not be approved in a five day period, but a bridge loan can probably be found that promptly. In this scenario if you were to utilize a bridge loan, you would be able to purchase the asset at the thrifty price, and have more than a year to acquire a commercial mortgage. Once you acquire the long term mortgage, you promptly pay off the bridge loan and continue making the small payments on the commercial mortgage. visit http://capitalbridgeloans.com End
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