Bridge Loans Made Easy!
Finding the right investment property in a competitive market sometimes requires decisive action and a quick closing. Do not let a slow approval process from your lender keep you from securing the deal! Coastal Capital Funding understands that time can be a critical factor in securing a property. That is why we have created a Bridge Loan program for you to acquire property quickly while waiting on your approved lender’s permanent funding.
Why choose a Bridge loan from Coastal Capital Funding?
- Fast interim funding
- Flexible loan amounts
- Free underwriting
- Closings in as little as 48 hours from clear title
What is a Bridge Loan?
A Bridge loan is a short-term financing vehicle that is typically used to fund the purchase of an investment property while waiting for long term financing to close. It gets its name because it acts as a bridge between the time a project must be funded until your other approved financing is ready to close so you don’t lose the investment property. Bridge Loans have a term from 1-12 months
Why do people use them?
Investors use interim financing to fill the gap between lenders. Often times investors have to purchase a property quickly because of competition or a desired price point. Banks are heavily regulated and require a lot of documentation and it can take months to get loan approval. This is why an investor will utilize a short term bridge loan.
Which types of projects can they be used for?
- 1-4 Unit Residential Housing
- Land Development
- Condo Conversions
- Multi-Family Properties
- Mixed-Use Properties
- Commercial Propertie
How long is the term?
Bridge loans are typically 1-12 months.
How fast can they close?
The approval process moves quickly once a completed application is submitted with all necessary documents and information needed. Closing can take place usually within 48 hours of clear title.
Can you get an extension?
Extension requests are evaluated on a case by case basis.
How can I qualify for one?
To qualify, you must have the following:
- A business entity such as an LLC, Subchapter S or C Corp
- A solid exit strategy (how you plan to refinance with a traditional lender)
Why Choose Coastal Capital Funding?
- Complimentary consultation
- Acquisitions $100,000 – $5 Million
- Fast Approvals
- Close in as little as 48 hours
- Flexible Terms
- Acquisitions $75,000-$2 Million
FUNDING MADE EASY
Real estate investing can be tricky, but partnering with the right people make the whole process simpler. And wehn it comes to choosing a lender for an Acquisition Loan, not all hard money lenders are equal. What makes our programs stand out isn’t just the free, fast underwriting and low rates, it’s the personal attention you receive from your dedicated advisor and their experience with acquisitions. As the largest lender in the Mid-Atlantic, we’ve helped hundreds of investors secure capital to acquire investment properties.
Our team and your dedicated loan specialist have real-life investing experience, so we know how to meet your needs and avoid pitfalls. We don’t just serve as your source of capital, we’re here to offer guidance and take the guesswork out of investing. From start to finish, we’re to ensure your success and establish a prosperous business relationship.
Ready to Get Started?
Start your application process by completing our online form.