Bridge Loans

Bridge loans are similar to hard money loans however as the name indicates the purpose is to bridge the borrower to the next transaction. It is actually a type of short-term commercial real estate funding that will be used for interim financing until the property is refinanced, sold, or the property is improved or completed.

When is a bridge loan needed? It would benefit a borrower that may have a balloon due on an existing loan and/or if the borrower needs to take down a piece of property and/or building before the opportunity no longer exists. Fast, short-term funding for commercial real estate is one of our niches, and we can facilitate funding within 10-15 business days.

Case Study: Residential Development and Resort in Texas
Borrower was having difficulties with his construction lender who decided not to continue with the project. Primeau Funding stepped in and helped the borrower secure short-term funding of 3.6M based on the accepted value and allowed the 2nd lien to remain subordinated. With the guidance and help from Primeau Funding, the Developer was able to secure adequate working capital so phase 1 could be completed along with the lot sales. It closed in 2 weeks.

Products and Services

 

Commercial Hard Money Loans

Private Equity Participation

Commercial Real Estate Loans

Stated Income Loans

Private Hard Money Lenders

Debt / Equity Funding

Oil and Gas Project Funding

Wind Energy Project Funding

Short Term Bridge Loans

Mezzanine Financing

Note Purchase Financing

Multi-Family Housing Financing