What is bridge loans and hard money loans?

A Bridge loan is a loan that can help you cross the monetary gap in between large business transactions. For instances, A bridging loan can be used by a business to ensure continued smooth operation during a time when for example one senior partner wishes to leave whilst another wishes to continue the business. Or in between property selling and re-acquiring, bridge loan can help you bridge the time and monetary gap. Contact our experienced team to help you through the transactions.

A hard money loan is similar to a bridge loan in terms of criteria and costs. The big difference is that a bridge loan usually refers to a commercial property or investment property that may be in transition and does not qualify for traditional loans, whereas hard money often refers to possibly a distressed financial situation, such as arrears on the existing mortgage, or where bankruptcy and foreclosure proceedings are occurring, thus “hard” to be funded by traditional banks.

We can help

At big Mountain Capital, we have a variety of solutions for your bridge loan and hard money loan needs. Give us a call to learn more. Some highlights about our hard money loans:

• Loan size: $100k to $100M
• Interest Rate: 6-16% depending on case scenarios
• LTV: up to 85%
• Closing time: 5 days to 6 weeks