Seamlessly Navigate Your Property Transactions with Our Bridge Loans
Frog REDI Financial Resource is well-versed in the unique complexities of the property market. Our Bridge Loans offer a swift, short-term financing solution, allowing you to secure a new property while awaiting the sale of your current one: no missed opportunities, no strain on your finances.
About Bridge Loans
Bridge Loans, also known as interim financing, gap financing, or swing loans, are short-term loans that "bridge" the gap when financing is needed but is not yet available. They offer immediate cash flow when funding is needed but is not yet available through traditional financing methods.
Why Choose Frog Financial's Bridge Loans?
Our Bridge Loans are designed to be flexible and quick. Whether you need funds to secure a new property in a fast-moving market or you're waiting to sell your current property, our loans provide the temporary funds you need so you can take advantage of opportunities.
Key Features
- Short-term financing typically spanning 6-24 months
- Interest-only payment option for simplicity and convenience
- Rapid approval and funding process to ensure quick access to funds
- Competitive loan-to-value ratio of up to 75%
Benefits
- Enjoy the freedom to move on opportunities in a competitive market
- Avoid delays in closing your new property purchase
- Maintain your financial fluidity during the transition period
How Bridge Loans Work
A bridge loan allows you to use the equity in your current home as collateral for the down payment on your new home while waiting for your existing home to sell.
Frequently Asked Questions
1What type of properties can I purchase with a Bridge Loan?
Our Bridge Loans can be used to purchase residential, multi-family, and commercial properties.
2What happens if I can't repay the Bridge Loan after the term ends?
We work closely with our clients to ensure they have a viable exit strategy, such as extend bridge loan for another term, selling the existing property or refinancing into a long-term rental mortgage.