With a client-focused, relationship-driven approach to lending, Myers Capital is more than just a lender. Our strategic partnerships with our clients are built on providing information and guidance that helps them reach their goals.
Commercial bridge loans are one of the many options we provide to our clients. Learn more about what bridge loans are, how they can support your goals as a real estate investor, and how we can help.
Bridge Finance Loans: Covering the Gap for Real Estate Investors
Bridge loans help real estate investors seize opportunities and move forward with their strategic plans. When timelines are too long to secure and finalize a traditional loan, bridge loans provide a crucial connection, helping to turn real estate investment plans into action
What are Bridge Loans?
Bridge loans do exactly what their name implies. They bridge the gap between pressing, short-term financial needs and the longer wait times often seen with long-term, traditional financing.
Real estate investors use bridge loans when they’re confident in their ability to secure that long-term financing, but can’t wait for the process to play out. With a bridge loan, investors have the funds needed to close on an existing property that meets their needs, start building a new one, or to fund a strategic renovation, expansion, or improvement to an existing property.
Bridge loans can also help property owners quickly tap into the existing equity of their holdings. Whether those funds go toward a new real estate purchase, a renovation, or another purpose, bridge loans provide the fast funding that helps to keep deals moving.
Benefits of Bridge Loans
Real estate investors use bridge loans for several key reasons:
No Personal Income Verification
Tax returns, W-2s, or pay stubs are not required.
On-Time Closings
Secure financing and close in as little as two weeks.
Fast Access to Capital
Act quickly on time-sensitive real estate deals.
Overcome Lending Challenges
Capitalize on distressed or undervalued properties.
Access Equity Without Selling Property
Renovate, acquire, or reposition properties with ease.
Understanding Bridge Loan Rates and Terms
Bridge loans require an expedited timeline and can present additional risk to lenders as compared to many traditional loans. So, bridge loan rates tend to be higher than those of traditional loans as well.
These loans often also have unique terms, such as making interest-only payments during the life of the loan with a balloon payment at its end. Understanding the details of the loan terms is crucial to making an informed and effective choice.
The team at Myers Capital can support you in finding the right bridge loan, and the right rate and terms, for your unique needs! By taking a consultative approach and learning about your personal position as a real estate investor, we can help you find the loan that best aligns with your strategy and goals.
The Best Bridge Loan Lenders
If you’re a real estate investor looking for a bridge loan in Hawaii or across the mainland, Myers Capital is here to help!
From fast approvals to an efficient process and more than 25 years of lending experience informing our operations, we streamline the lending workflow while always prioritizing your needs. We offer bridge loans, along with a variety of financing solutions, for current and prospective investment property owners.
Let us help you find the best possible bridge loan for your real estate investment strategy. Reach out to us at 808-566-6611 for a no-cost consultation or contact us using the button below to get started!