Why Should You Consider a Bridge Loan?

Bridge loans are a popular option in various real estate markets. These loans act as a bridge between properties when the old one hasn’t sold yet. Generally, people use bridge loans to purchase another property before selling the existing one. The loan terms are determined by the lending company’s guidelines and the existing commercial property or multifamily investment secures it.

Bridge loans have various applications, not limited to purchasing a property before selling the first. Investors can use bridge loans for purchasing property during auctions, financing unexpected tax liabilities, developing uninhabitable properties, and when a mortgage isn’t available.

Contact us to determine if a bridge loan is suitable for you.This update is brought to you by Michael Internoscia, Principal Broker and CEO of hard money lenders Florida company M & M Private Lending Group. For 30+ years, we specialize in private real estate loans with personalized service, low rates, and closing costs. We pride ourselves on delivering a service that tailors to the needs of our clients. 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.