Bridge Loan Program Bridge loans are short-term financing solutions designed to “bridge the gap” between the purchase of a new property and the sale or refinance of an existing one. These loans provide quick access to capital, allowing borrowers to move forward with time-sensitive opportunities without waiting for long-term financing. Bridge loans are commonly used in real estate transactions where speed and flexibility are critical.
Who Are Bridge Loans For? Bridge loans may be a strong option if you: Need to purchase a new property before selling your current one Are an investor pursuing a time-sensitive deal Need short-term capital while preparing for a refinance Are transitioning between properties Require fast funding with flexible qualification guidelines
Common Uses Purchase-before-sale transactions Temporary financing for renovations Short-term investment strategies Commercial and residential acquisitions Repositioning properties prior to long-term financing
Key Features Short-term loan terms (typically 6–24 months) Fast approvals and closings Interest-only payment options (program dependent) Flexible underwriting focused on equity and exit strategy Available for residential and commercial properties
What to Expect Bridge loans typically: Have higher interest rates than traditional mortgages Require sufficient equity or strong exit strategy Involve appraisal or valuation Are designed as temporary financing solutions Bridge loans are best used with a clear exit plan, such as a sale or refinance.