A real estate bridge loan is a short-term loan that “bridges the gap” or gets a borrower from point ‘A’ to point ‘B’ by leveraging the equity in a property that they own. Temporary in nature, a real estate bridge loan—also referred to as a “swing loan,” “gap financing,” or “interim financing”— can be used for a variety of business opportunities in addition to buying additional real estate investment properties. Bridge loan terms range from 6 to 12 months.
A real estate bridge loan is perfect for borrowers whose projects do not meet traditional lenders’ standards or who simply need to act quickly. When an opportunity presents itself, a real estate investor needs to act quickly – and a bridge loan may be the best option. Walnut Street Finance offers fast funding to help you secure the deal.