Bridge (Short-Term) Financing

Bridge loans may come with higher interest rates and fees, so it is important to weigh these costs against the benefits..

Bridge financing usually comes with short repayment terms, ranging from a few months to a year. The loan is typically repaid when your current property is sold, and flexible repayment options allow you to choose terms that align with your financial situation during the transition.

Qualifying typically depends on the equity in your current property, your credit history, and your ability to repay the loan once your existing property sells.

While short-term bridge financing offers flexibility and convenience, it is important to understand the associated risks.

Higher interest rates. Short-term bridge loans typically come with higher interest rates compared to traditional mortgages, reflecting the temporary nature of the loan.

Repayment pressure. Bridge loans need to be repaid quickly, usually within a few months, making it crucial to have a clear exit strategy in place, such as a confirmed sale of your current property.

No. A bridge loan is a short-term loan tied to a specific property sale and repaid in full once that sale closes, unlike other equity-borrowing products that work differently. BMC Mortgage and Investments does not offer HELOCs, so if a bridge loan fits your timeline, our team can walk you through how it works.

Yes, you can access bridge financing for commercial real estate purchases. Our lenders offer flexible bridge financing options to help you secure commercial properties while transitioning between transactions or awaiting long-term financing.

Yes, you can access bridge financing for farmland or an acreage. We have lenders who specialize in these types of properties and can provide tailored bridge financing solutions to help meet your needs during transitions.

No, short-term bridge financing is generally not available for mobile homes. Bridge loans are usually offered for traditional homes, condos, farms, commercial properties, and other permanent structures that have established resale markets.

The amount you can borrow depends on the equity in your current property and the lender's criteria. You can typically borrow up to a certain percentage of your property's value, with private lenders offering flexible loan amounts based on your specific situation.