Please Call Paul Meyer (248) 886-4743 to Discuss Bridge Loans
Bridge Loans or Non-Bank Loans are generally used for the acquisition or refinancing of real estate that is not ready for permanent, long-term financing. Bridge Loans are also used for repositioning or re-tenanting of owned commercial real estate. Bridge loans enable the owner/developer to take advantage of timely opportunities. Bridge Loans are fast-closed short term loans and may be used to complete construction. Bristol Capital has direct relationships with top-tier creditable Bridge providers.
Bridge loans work when bank says no!
Qualifying Types of Real Estate Include:
- Commercial real estate
- Apartments and Multifamily Properties
- Retail Shopping Centers
- Office Properties
- Industrial and Distribution Facilities
- Adaptive Reuse
Non-Specific Details of Bridge Loans Parameters Include:
- When bank says no
- Leverage to 80% LTV
- Rates typically from 8% to 12%
- Expeditious and Efficient Turnaround
- Fast Approvals or Time Sensitive
- Hard Money, Story, Situation Lending
- Discounting Existing Debt
- Acquiring Discounted Loans
Story or Situational Loans Welcome! Bristol is seeking time-constrained Bridge or Repositioning Loans over $3 Million.
We welcome working with attorneys, brokers, advisors and consultants.
Please call Paul Meyer (248) 413-8293 to discuss Bridge Loans on a case by case basis.