If you follow our blog, you know about bridge loans. Now, let’s explore Bridging Loans, which serve the same purpose. Bridging Loans are short-term and interest-focused. They’re great when time is critical, like for property closing dates. To apply, your property’s value and ability to repay matter most. Bridging Loans range from one to three years with an LTV of 70%. However, an LTV of 100% with extra security is possible. There are no fees for early repayment.
This update is brought to you by Michael Internoscia, Principal Broker and CEO of hard money lenders Florida company M & M Private Lending Group. We have over three decades of experience specializing in private money real estate loans and we pride ourselves on providing our esteemed clients a service that’s personalized while delivering low rates and closing costs. We also offer mortgage note investments and have worked extensively with brokers and affiliates. Call 305-363-7169 or 954-445-4434 to speak with a lending representative about our Florida private loans or visit our website at https://mmprivatelending.com to fill out an application form.