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A bridge loan is interim financing for a business or individual until permanent financing or the next stage of financing can be obtained. Money from the new loan is generally used to take out (payback) the bridge loan as well as other capitalization needs.
Bridge loans are usually more expensive; however, MBMC has worked with and has the ideal solution for your needs. Bridge loans contain more benefits for some borrowers and in most cases lenders will not lend on commercial or residential property when it's actively on the market.
MBMC can usually find funding options in a short period. These loans can range from a period of 2 weeks to 3 years. It all depends on the arrangement of larger or longer term financing.
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