Commercial Bridge Loans

A bridge loan tides you over financially during the gap in time between the purchase of a property and arranging its long-term financing. Bridge loans usually have terms of between a few months and a year, although terms can sometimes exceed a year. These are collateralized loans; you typically put up some commercial property you already own or will shortly purchase.

The provider of a commercial bridge loan will often approve borrowers based on the value of their collateral rather than on their creditworthiness. That means, a commercial bridge loan is often easier to obtain than is a traditional commercial loan. The proceeds from a commercial bridge loan can be applied to a property you already own, a property you wish to acquire, or both.