Bridge financing is about offering flexibility. A bridge loan provides a borrower financing to purchase or refinance a property in transition. In today’s market there are many properties offering good value to buyers who wish to reposition for either a quick sale or long term hold. With Bridge financing the buyer has time to acquire the property, increase the value and procure conventional financing or sell the property.
Watermark Financial offers bridge financing with flexibility and speed. Borrowers may consider using bridge financing under the following circumstances:
• Buyer finds an REO, short sale or bank owned property that needs to be closed upon quickly.
• Buyer is offered a commercial property that has high vacancy and does not qualify for a conventional loan.
• Buyer is offered a property at a significant discount that buyer wants to turn and sell quickly.
• Property owner has a loan due that cannot be refinanced as quickly as required by the existing lender.
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