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Some commercial bridge loans may have prepayment incentives that can save the company money if they are able to pay off the loan early.
“US Capital Global has a history of success when it comes to offering clients reliable and timely commercial bridge loans,” said Jeffrey Sweeney, Chairman and.
A bridge loan is a short-term loan used until a person or company secures permanent financing or removes an existing obligation. It allows the user to meet current obligations by providing.
A bridge loan is defined as a short-term real estate loan that gives the property owner time to complete some task – such as improving the property, finding a new tenant and/or selling the property. The typical commercial property bridge loan has a term of one to two years, although many commercial bridge loan lenders will grant the owner the option to extend his loan for six months to one year for a fee of between a half-point point to two points.