Temporary Financing Solutions for Time-Sensitive Projects
A bridge loan, also referred to as hard money, is a type of specialty financing that is used on a short-term basis until a company is able to secure permanent financing. This type of loan boasts a quick closing time, enabling the Exodus Commercial Capital team to meet your company’s financing needs in the least possible amount of time. To expedite the process, we have established relationships with private investment firms.
Bridge Loans Make the Difference
Whether you need to finance a $1 million transaction or $100 million transaction, a bridge loan from Exodus Commercial Capital can enable you to move a new project or development from concept to contract to completion with speed and efficiency. In the commercial real estate market where timing is everything, a bridge loan often gives you a competitive advantage over other potential purchasers allowing you to meet contract deadlines and close more quickly.
Hard Money Loans Criteria and Rates
- Loan Size: $1,000,000 to $100,000,000
- Lending Area: National and International
- Collateral: We lend mainly to commercial real-estate, including raw land and development projects
- Interest Rate: Variable from 9% to 14% depending on collateral
- Amortization: Interest Only
- LTV: Up to 80%
- Origination Fee: 1 to 4%
- Closing time: 5 Days to 1 Month
Don’t let an investment opportunity pass you by because you are waiting for financing. Contact a hard money specialist at Exodus Commercial Capital for any of your time-sensitive financing needs.