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Commercial Bridge Loan Lenders: Brief Overview

Financing a commercial real estate loan can be a challenge. Oftentimes, you need to secure a large amount of money in a short period of time. Applying for traditional financing with typical lenders like big banks could slow you down and cause you to lose the property. Commercial bridge loans from specialized lenders are a unique solution to the fast-paced market we’re dealing with.

• What Are Commercial Bridge Loans?

  If you’re in commercial real estate, then you know that the market moves quickly. Sometimes, it moves too quickly for investors to secure permanent financing. This is where bridge loans come into play.
  
  Bridge loans are temporary financing solutions for large and time-sensitive commercial real estate ventures. This type of financing solution provides you the cash you need now to make the purchase quickly. After the deal is done, you have a set amount of time -- usually up to one year -- to secure permanent financing.
  
  Bridge loans are also known as swing loans or gap loans, however, all of these terms refer to short-term financing that’s designed to bridge the gap between closing the deal and obtaining permanent financing that can be a time-intensive process.
  
  Commercial bridge loans are often based largely on collateral. As a result, they may come with less stringent requirements that are less dependent on traditional factors like credit scores, bank statements, or regular income. Although they offer higher interest rates than traditional financing options, they offer lower interest rates compared to alternatives like hard money loans.

• Where to Find a Commercial Bridge Loan Lender?

  Commercial bridge loans are unique financing solutions that are not offered everywhere. In fact, many big banks do not offer commercial bridge loans. Instead, the best place to look for one is online. With a simple search, you can find countless commercial bridge loan lenders to choose from.

• What to Look for in a Commercial Bridge Loan Lender

  That being said, you definitely shouldn’t choose the first lender that pops up on your search. You would never do this with a traditional loan, so you shouldn’t do it with a bridge loan either. Instead, you need to make sure that your lender is the right fit for you by doing your due diligence.
  
  For instance, you need to make sure that your commercial bridge loan lender is reputable and experienced in this unique area. Ask for a list of references that you can check out before signing on the dotted line.
  
  You also need to make sure that your commercial bridge loan lender is efficient. After all, the entire point of a bridge loan is to get to the closing table as quickly as possible. If you’re hung up by paperwork and processing, you could end up losing the property. The best commercial bridge loan lenders will be able to process your paperwork and finalize your loan in days rather than weeks.
  
  Finally, you need to make sure that your commercial bridge loan lender is responsive and transparent. Communication should be quick and clear throughout the entire process. Any lender should be totally transparent about their policies and agreements.

• What Are the Best Commercial Bridge Loan Lenders

  Clearly, there are a lot of different factors to consider when searching for a commercial bridge loan lender. To make your search easier, we’re here to tell you who’s the best and who to avoid.
  
  When it comes to the best commercial bridge loan lender, there’s no one better than Vaster Capital. Vaster Capital offers a simple application process that permits fast closings. Vaster is also committed to offering personalized assistance and total transparency throughout the entire process from application to repayment.

• Vaster Capital as Your Commercial Bridge Loan Lender

  At the end of the day, Vaster Capital has the knowledge and the expertise you need to get you to the closing table for your commercial property as quickly as possible. We have a proven track record of success and are backed by two of South Florida’s largest real estate firms.
  
  We offer competitive rates for our bridge loan products that can take you from application to closing in no time. Feel free to reach out to our experts for more information about our services and how we can help you finance your dream commercial property.