Bridge Financing
Bridge loans are often used for commercial real estate purchases to quickly close on a property, retrieve or reposition real estate from foreclosure, or take advantage of a short-term opportunity in order to secure long-term financing. Bridge loans on a property are typically paid back when the property is sold, refinanced with one of our traditional lenders, the borrower's creditworthiness improves, the property is improved or completed, or there is a specific improvement or change that allows a permanent or subsequent round of mortgage financing to occur. The timing issue may arise from project phases with different cash needs and risk profiles as much as ability to secure funding.
Nexus has extensive list of private and institutional investors and lenders offering bridge financing and options.