From our offices located in Durango Colorado, we are able to help our business clients build their business with creative financing solutions.
Commercial Bridge Loans
Many times a company is approved for a loan at their bank or financial institution, but the loan will not close for 4-6 months, and they need the money sooner.
During that time, a short-term or bridge loan which is paid when the senior loan closes so they can satisfy their capital needs immediately.
We can also provide loans to businesses that have run into hard times and need some working capital, pay tax liens, or for any other purpose.
These sometimes can be considered Hard Money Loans.
If the borrower has less-than-average credit, a modest financial statement, and/or little commercial real estate experience, he may have to go to a hard money bridge lender.
Hard money bridge lenders are lenders who loan primarily on the equity in the property.
Many commercial bridge loan lenders will grant the owner the option to extend for six months to one year for a fee of between a half-point point to two points.
There are all kinds of bridge lenders. Many banks will make bridge loans if the borrower has excellent credit and a large financial statement.
Some renovation and releasing projects are a bit more speculative and need to be made by opportunity funds specializing in bridge loans.
An opportunity fund is defined as a special fund set up to make high-yield commercial real estate loans requiring special expertise and understanding.
Opportunity deals are what we in the industry call "brainer deals", as opposed to "no-brainer deals", which as are deals so simple and straight-forward that even a child could understand them.
The kinds of investors who invest in commercial real estate loan opportunity funds are pension plans, endowment trusts, wealthy private trusts.
For sixteen years we have continued to live by the statement,
"PROMISE LESS, DELIVER MORE"
