Insight Nine - I need cash now. Where do I turn?

When you need cash now, a quick infusion of capital through a bridge loan may be the best option. These loans are for clients that need a temporary solution, giving them a window of time to sell or acquire a piece of property, or to improve cash flow.It is an asset/equity-based, short term loan, not only for real estate financing but for other types of projects or problem solving. Assets are used as collateral in exchange for immediate funding. It may be the best solution when a commercial property or borrowers are in a financial pinch because a property is incomplete or not marketable due to permitting delays or economic conditions. Unlike other types of financing, a bridge loan is not based solely on income or credit score. The loan is based on value of the holdings.

When is a Bridge Loan right for me? Find out more next time.