Our bridge loans provide short-term access to the equity in your current property, helping you move forward before that property is sold or other long-term financing is available. These loans have a six-month, interest-only term and are placed in a second-lien position behind the existing first mortgage. The first mortgage and bridge loan may total up to 75% combined financing.

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Who Is a Bridge Loan Best For?

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A bridge loan may be a great fit for a homeowner who needs temporary financing to purchase another property before selling their current home. It can also be useful when funds are needed for a down payment, closing costs, renovations, or another time-sensitive real estate opportunity.

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Examples:

• A homeowner purchasing a new home before the current home is sold.

• A buyer using equity from an existing property for the down payment and closing costs on another property.

• A homeowner who needs short-term funds while waiting for the sale of a property to close.

• A borrower who wants to act quickly on a real estate opportunity without immediately refinancing the existing first mortgage.

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Borrowers do not have to meet every example above. Approval requirements vary based on property value, available equity, credit profile, existing mortgage balance, repayment strategy, and other program guidelines.