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Bridge Loans vs Hard Money Financing

Today, many realtors apply for private bridge loans when they know that they have a buyer capable of getting a mortgage. While they are waiting for all the paperwork to resolve, these loans can help you achieve all kinds of important goals.

That said, if you don’t know the difference between a bridge loan and hard money financing, you may not know just how many loan types are available to help you meet business demands.

What is the Difference Between a Bridge Loan and a Hard Money Mortgage?

Consider a situation where you have four or five properties on the verge of final closing papers. As you look over your accounts, you may see a few properties that need rehab work, or unexpected bills that may need to be paid.

Under these circumstances, you may be well served by looking for hard money fast. In these situations, even though your cash flow may be tight, our private lenders can still help you.

Here are just a few things you can do with hard money financing that may not be possible with a bridge loan:

* Carry out property repairs even if you don’t have a buyer.

* Get cash to pay off liens, taxes, or other debts that would prevent a viable sale

* Stop foreclosures and other attempts to seize your investment properties

In the modern economy, it is very important for real estate investors to use all tools possible to accelerate sales and increase profits. We have lenders on hand that are interested in providing both bridge loans and hard money mortgages.

Regardless of the size and scope of your business, give us a call today and ask for more information about or private lenders and products for real estate investors. Why go on suffering with all kinds of debts related to real estate investment when a phone call or email can start you on the road to solving all those problems and make a profit at the same time?

Do you need a Hard Money Loan for your next real estate purchase or refinance fast?