Bridge & Hard Money
Sometimes, your business needs financing today, and not in weeks or months. This is where a Bridge or Hard Money Loan can help your team. Through our extensive lender network, we can help you get approved for real estate, equipment, construction, or working capital financing in as little as 24 hours.
What is Bridge & Hard Money financing?
Although similar, Bridge Loans and Hard Money Loans are not quite the same thing. Bridge Loans “bridge” a time span between immediate need and future financing. Future financing can include long-term loans, property sales, or an influx of tenant payment income.
Hard Money Loans, in contrast, use a business’s “hard” assets, like real estate property and equipment, as security. The assets become collateral on the loan so that the importance of the firm’s credit history is reduced. Like Bridge loans, Hard Money Loans are short-term financing solutions that can be paid back or transitioned into long-term financing at the end of their terms.
Both types of loans, however, emphasize speed of funding. Because private lenders aren’t bound by the same restrictions as their traditional counterparts, they can provide safe and secure financing in a short amount of time.
Real Estate
Whether you are looking to expand into new territory, enhance your current properties, or refinance real estate, a Bridge Loan can help you do it fast. Talk to us about how to acquire a loan and enhance your competitiveness in the current market.
Equipment
Your business relies on good equipment, ranging from vehicles and machinery to software and computer systems. A Hard Money Loan can pull in new resources for your team or update old tools. And if you’re not ready to purchase, we have leasing and sales-leaseback options as well.
Working Capital
Boost your working capital by leveraging the power of your assets. With Hard Money Loans, you can get the value of real estate, equipment, and other assets as a cash payment to put toward any legitimate business expense. Ask us how same-day financing can help you revamp your cash flow.
Advantages of Bridge & Hard Money Loans
- Same-day approvals.
- Flexible options.
- No long-term obligations.
Frequently Asked Questions
01
What is the average interest rate on a Hard Money Loan?
The interest rate on your loan will depend on the purpose of the loan (i.e. real estate loans will differ from construction loans, etc.). We will work with you to find the best rates for your particular financing goals.
Do Bridge and Hard Money Loans require a down payment?
Most of these loans do require a down payment. The amount of your down payment will vary by lender, intended purpose, and total loan amount. Let us know what’s in your budget and we’ll match you to a loan suited to your needs.
03
Are Bridge and Hard Money Loans right for my business?
As with any loan, it’s important to evaluate your company’s ability to repay the debt. These loans are short-term and must either be paid in full or transitioned to long-term financing at the end of each term.
What if I don’t have collateral?
If you’re bringing in new assets, those assets may be used to secure alternative long term financing. If you don’t have such assets yet, you may qualify for an unsecured loan. Additionally, you can leverage a combination of assets to secure a loan. We can find the right lender and the right type of loan for your specific needs.
05
Are Bridge and Hard Money Loans safe?
Each lender in our network has been systematically vetted to ensure credibility, reliability, and adherence to local and national regulations. We don’t do business with fly-by-night operations or unlicensed lenders, and if a Bridge or Hard Money Loan is not right for your situation, we will tell you. We will always disclose all terms up front and answer your questions until you are satisfied in your lending choice.