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Monday, March 30, 2015

Only one point bridge loans & no prepayment penalty!

We charge only one point, and our bridge loans have no prepayment penalty!

A bridge loan is a fast commercial real estate loan used to bridge a short period in time.  Years ago bridge loans were also known as swing loans, although this term has fallen out of common usage.

Typically bridge loans have a term of just 6 months or one year, but many bridge loans also provide for a 6-month or a one-year extension upon the payment of an additional 1/2 point to 2-point extension fee.

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