Bridge Loan Secured By Commercial Real Estate Toronto Ontario Canada
http://www.joewalsh.ca If you’re looking for short term financing for either a real estate or non real estate transactions, one of the best solutions out there in terms of cost and speed is a bridge loan secured by equity in commercial real estate.
In many cases these type of bridge financing arrangements can be put into place in 1 to 2 weeks with fully open repayment ability.
The term that can be considered for financing is typically up to one year but in many cases the time period can actually be a few months or even weeks depending on the nature of the capital requirement.
The loan is secured by a commercial property mortgage that can potentially be registered in first, second, or third mortgage position depending on the amount of equity that is available to secure a new financing amount.
The key to getting a bridge loan like this in place is to work with a mortgage broker that has access to bridge lenders that will fund short term loans against commercial real estate property.
If you’re looking for a bridge loan right now in the Toronto or Southern Ontario area, I suggest that you give me a call at 416 464 4113 for an immediate free assessment of your property bridge mortgage options.
In many cases, options can be provided right over the phone with lender commitments secured the same day or next day.
Once again, equity in commercial real estate can be an excellent source of bridge financing for a wide range of potential capital requirements.