| What are Bridge Loans? |
- A short term loan facility to facilitate the purchaser
in closing the purchase of another property before
their existing property has been sold.
|
| Security Required: |
- Usually a 2nd mortgage against the newly purchased
property with a blanket 1st or 2nd against the unsold
property.
|
| Loan/Value: |
|
| Funding Sources: |
- The cheapest route for the consumer is an institutional
lender. However, many transactions do not qualify
and you will require private funds.
|
| Lending Rates: |
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