Hard Money Loans
A commercial bridge loan is a short-term loan (typically 12 to 18 months) used to purchase commercial property. Because commercial bridge loans close faster than conventional loans, real estate investors in Maryland often use them to take advantage of time-sensitive opportunities.
For example, if a property becomes available at a discount due to market conditions.
The short terms of commercial bridge loans are rarely a problem for investors since they are typically flipping the properties they’re buying for a quick turnaround. In some cases, investors may also use a commercial bridge loan to act as a “bridge” to fund their investment while waiting for more traditional financing.
Then, once they’ve closed on a more conventional long-term loan, they can use that funding to pay off the bridge loan.
When it comes to real estate investment loans, conventional lenders often have a strict set of requirements that can be difficult for investors to meet.
In addition, traditional lenders, like banks, often prefer to work with homeowners and view investors as a higher risk. Not only does this mean that it’s harder to qualify for a real estate investment loan, but you may not be able to secure favorable loan terms as well.
Here at Pine Financial Group, we are private lenders that specialize in working with real estate investors. Therefore, we understand your unique needs and challenges. Additionally, we are not beholden to the same rules and regulations as traditional lenders, which means we can offer more flexible terms to our borrowers.
With that in mind, the following are just a few other reasons why you should consider working with us for your next real estate investment loan
We aren’t the only lender that offers commercial bridge loans. However, we work specifically with real estate investors to find the right financing solutions for their needs. We have more than a decade of experience doing so, and therefore have a deep understanding of the real estate market.
This experience has allowed us to develop creative financing solutions that can help investors succeed in even the most challenging situations. As a result, we’ve become one of the most trusted lenders for real estate investing.
We know that timing is vital when you’re trying to take advantage of a real estate opportunity, which is why we’ve streamlined our application process. The following is a brief overview of our application process:
Using the information you’ve submitted, we will crunch the numbers, complete an appraisal, build and underwrite the file (meaning to verify the borrower’s information), and coordinate the closing if we approve the loan.
The point of a bridge loan is that you can secure it quickly. It can provide the funding you need until more conventional financing options become available. We understand this need and can approve your loan within as little as a week so that you can move forward with your real estate investment as quickly as possible.
When you work with Pine Financial Group, you can be confident that you’re getting a fair deal. We pride ourselves on being upfront and honest with our borrowers. In fact, we strive to build long-term relationships with investors, which is why we’re always transparent in our transactions.
As a result, you can be confident that you’re getting the best terms possible without any hidden fees.
We offer a variety of investment loans to meet the needs of different investors. When it comes to our commercial bridge loans, there are no restrictions on the types of commercial properties you can invest in. We will analyze your plan to determine if it’s a viable project, whether your project is for an apartment, retail space, office space, or a warehouse, to name a few.
Additionally, although our commercial bridge loans typically range from one to three million, we have no minimum loan requirement. We will evaluate every project on its own merits even if they are larger in scope.
We know that every real estate project is different, so we take the time to evaluate each property thoroughly before making a loan. We perform a thorough and secured evaluation of each property to determine if the project is a good investment.
Additionally, we will assess each project proposal (including the exit strategy) on a case-by-case basis to determine if it’s a good fit for our financing. Unlike other lenders, we focus more on the potential of the investment than other factors such as credit scores.
If you are looking at a commercial real estate investment opportunity, but it will take too long (or be too complicated) to secure conventional financing, then you should consider a commercial bridge loan.
Our commercial bridge loans at Pine Financial Group are the perfect solution for investors, whether you’re investing in a fix-and-flip commercial property, or you need temporary funding to bridge the gap until more traditional financing options become available.
If you’re interested in applying for a commercial bridge loan in Maryland, we encourage you to get started today by filling out and submitting our online pre-approval application. Once we have a better understanding of your project, we will be able to provide you with more tailored financing options.