What are the advantages of using a bridge loan for commercial real estate investments?
Bridge loans are among the fastest-closing financing packages available to commercial real estate borrowers. A loan can close in a matter of days, which can enable an investor to execute her or his real estate strategy quickly and effectively.
Bridge loans can be used for a number of reasons, such as buying an office building with significant vacancy, renovating a building, or executing a purchase quickly. Bridge financing can give you access to capital, which you can then use to boost your property's value — which in turn will let you access far better, longer-term financing when the time comes.
The advantages of using a bridge loan for commercial real estate investments include fast funding, access to capital, and the ability to execute a purchase quickly.