Bridge Loans
A Commercial Real Estate Bridge Loan is defined as a short-term real estate loan for a Commercial Property – such as a retail store, office building, mixed use, apartment building, and more. Commercial Bridge Loans are a form of short term financing. Short term financing refers to a set of funding that lasts for a small period of time. It can be a couple of months or it can be at most 24 months. It’s aim is to produce results quickly and acquire a lot of revenue and equity in return.
The typical commercial property bridge loan has a term of 12-24 months, although many commercial bridge loan lenders will grant the owner the option to extend his loan for six months to one year.
