Real Estate Bridge Lenders
When it comes to real estate financing, there are a number of options. In some cases, a traditional loan cannot solve the financing problem and a bridge loan may be the best choice. A bridge loan is a type of short-term financing that can be used to fill the gap between the time you purchase a new property and the time you receive funding from a more traditional source, such as a long-term mortgage. This type of loan can be especially beneficial for investors who are looking to quickly purchase a property without having to wait for their current property to sell.
Bridge loans are unique as they are secured by the equity in the borrower’s current property, rather than by the property purchased. This means that bridge loans carry a higher level of risk than traditional loans, but they can also offer a more flexible repayment schedule. For these reasons, bridge loans are often used by investors who are flipping properties or looking to quickly capitalize on a real estate opportunity.
Bridge loans can be an expensive form of financing, so it’s important to make sure that you’ll be able to sell your new property or refinance your loan before the term expires. However, if used wisely, bridge loans can be a valuable tool for making your dreams of homeownership a reality.
Benefits Of Bridge Loan Lenders
Bridge lenders can be used for a variety of purposes, including home improvement projects, debt consolidation, and business expansion. If you consider a bridge loan, here are some of its benefits:
- Available to borrowers denied by the banks
Bridge lenders are a type of financial institution that provides loans to borrowers who have been denied by banks and credit unions. Though bridge lenders charge higher interest rates than banks and credit unions, they lend to borrowers with less-than-perfect credit.
- Flexible terms
Bridge lenders are usually more willing to take risks, which can make them a better option for borrowers. Besides, real estate bridge loan lenders are often more flexible in their lending criteria, making them a good solution for those who don’t meet the strict requirements of traditional financial institutions.
- Quick funding
Bridge loans are funded by private real estate bridge lenders, for that reason they can be approved within days. This type of financing is a great option for borrowers who need to get money quickly.
- Easy to qualify
One key advantage of bridge lending in real estate is that they do not require the same “ability to repay” qualifications as traditional loans. This means that borrowers can qualify for a bridge loan even if their credit score is relatively low.
- Allows moving only once
Homeownership comes with a lot of responsibilities – not the least of which is finding a new home when you’re ready to move. For many people, this means selling their current home and using the proceeds to finance their next purchase. However, this can be difficult to do if you’re trying to avoid moving multiple times. A bridge loan can provide the funds you need to purchase your new home before selling your old one, allowing you to make a seamless transition. This can be a lifesaver for busy families who don’t have the time or energy to deal with the hassle of selling their home and then scrambling to find a new one.
Why You Should Choose Lending Bee Inc
Lending Bee is a real estate bridge lender believing in transparency. We’ll always let you know what our fees are up front. So if you’re looking for a lender you can trust, come to us.
We understand the needs of real estate investors, and we work hard to get you the funding you need to make your next deal a success.
Here is why you should work with Lending Bee:
- We guarantee competitive rates and the best customer experience
- Quick funding in just 5-7 days and up to $25mil.
- No hidden fees guaranteed.
- We have over 20 years of experience in hard money lending, our own professional underwriting, and a processing department.
- We value your investing experience as the number one priority!
At Lending Bee, we know that every customer has unique needs, and that’s why we offer a variety of loan options for both investment properties and commercial spaces. Our team of loan officers will help you find the right loan for your business goals. So if you’re looking for a flexible, customized solution, you’ve come to the right place.
We work with all types of property for any business needs:
- Office buildings
- Cannabis warehouses
- Hotels and motels
- Industrial buildings
- Restaurants, and more
Contact us today to learn more about our unique approach to lending.
About Lending Bee
Are you in need of some quick cash? Then you’ve come to the right place! Lending Bee is the leading bridge loan lender, with over 20 years of experience. We can help you get the money you need, fast. Bridge loans are a great way to get funding for a short-term need. Whether you’re looking to purchase a new home, renovate your current one, or invest in a new business venture, we can help you get the money you need. We offer competitive rates and terms, and our team of experts will work with you to find the perfect loan for your needs.
- 24-hour pre-approval
- Support at every step
- Closing in 5-7 days
- Loan amount: Up to $25M
- LTV Ratio: Up to 75%
- Commercial and residential property
- Purchase, Refinance, Cash Out
- $0 prepayment penalty option available
- For real estate investors in California
Contact us today to learn more about our services, or apply for a bridge loan today!
How long does it take to get a bridge loan?
If you’re considering applying for a bridge loan, you may be wondering how long the process will take. After all, when you’re trying to buy a new home, time is of the essence. The amount of time it takes to get approved for a bridge loan will vary depending on the lender, the type of loan you’re applying for, and your individual circumstances. However, in general, the approval process for a bridge loan is relatively quick and straightforward. Most lenders will be able to give you a decision within a few days, and if you’re approved, the funds can be deposited into your account shortly thereafter (7-10 days on average). So if you’re in need of a quick financial solution, a bridge loan may be the right option for you.
How does a bridge loan work when buying a house?
Bridge loans are usually issued by bridge loan lenders or other financial institutions, and they typically have terms of 12 months or less. While bridge loans can be a useful tool for homebuyers, they also come with a number of risks. The most significant risk is that the borrower may end up owing more than the value of their new home if the old one doesn’t sell within the agreed-upon time frame. For this reason, bridge loans are typically only used by borrowers who are confident that their old home will sell quickly and for a good price.
Do you need a down payment for a bridge loan?
The short answer is that it depends on the lender. Some lenders may require a down payment for a bridge loan, while others may not. It really just depends on the company’s policies and procedures. If you’re interested in taking out a bridge loan, it’s best to check with the lender ahead of time to see if they have any down payment requirements.
Lending Bee is a bridge lender with many years of experience funding bridge loans in California. We have funded bridge loans in many areas and counties in California, such as Los Angeles, San Francisco Bay Area, Sacramento, Orange County, Riverside, Ventura, San Bernardino, Irvine, and others. We are known for making quick decisions and quick funding.
Our team of experienced professionals will work with you to get the right financing.
Contact us today on FB, IG, or WhatsApp, or call 818-761-7234 to learn more about bridge financing opportunities!
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