Equity-based Loans Bridge Financing
There may come a time when you need to borrow money for a short period of time because your finances are tied up in other ventures. Since the duration is not likely to be very long and you may not have enough credit to borrow more money, most banks and major lending institutions will not offer this type of financing. As private lenders, BMC Mortgage & Investments can offer you bridge financing for just such a purpose.
How Bridge Financing Can Help
The most common reason people in Edmonton and surrounding Alberta areas require bridge financing is when buying and selling a home or business. For example, you may have put your home on the market but found your new dream home and have to make a down payment so you do not lose it to someone else. In other cases, you may have a closing date on your new home 30 days earlier than the closing for your current property. That's where we can help.
No Out of Pocket Expenses
When you require a bridge loan, it is generally because you are short of cash to complete a purchase. Many private lenders require fees or down payments before they will provide financing. Your financial experts of BMC Mortgage & Investments understand your difficult position and our low fees come out of the proceeds of your financing, not out of your pocket when you are short on cash.
Competitive Rates and Fast Approval on Bridge Financing
We are a family-owned and operated company, and we take pride in providing you with exceptional service. As such, we offer competitive rates when you require a bridge-type loan. We have many investors who have varying criteria for qualification and payment options and we try to help you find the best fit for your situation. A simple application and documentation proving we can secure a mortgage for your financing will get you on track for a fast approval.
For bridge financing in Edmonton and surrounding Alberta areas to help you meet conditions of purchase and sale or to secure your dream home or business, contact BMC Mortgage & Investments.
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