New York Bridge Loans

Rather than rush financing or accept less than ideal terms in order to get the finance timing to line up, our New York office offers bridge loans. A bridge loan covers the gap, or bridges, the time in between two other forms of financing.

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Flexible Short Term Loans in New York

Oftentimes a borrower begins with one type of financing to get a project started or to continue funding an ongoing project. At some later time, the borrower may want to move to more advantageous financing. However, getting the timing of these two types of financing to line up exactly can be difficult. Our New York bridge loan and short-term financing brokers at GenWealth Capital Commercial offer short-term loans to relieve the need for the end date of one loan to exactly match the start date of another loan.

Our private money lenders specialize in bridge loans up to $15,000,000. Borrowers can count on the structured flexibility of these loans, enabling them to negotiate the best terms available for permanent project financing. Without such flexibility, a borrower may be forced to agree to less favorable terms just to get the funding by the necessary date. At GenWealth Capital, our short-term financing brokers in New York provide hard money bridge loans for use with multiple projects, including Single-Family Residence Investment Properties, Multifamily, Mixed-Use, Hotels, Warehouses, and Self-Storage

We also offer 100% financing. Details can be found on our 100% financing loans page. Loans for ground-up construction are also available. Information on those loans is provided on our construction loans page.

Purpose

Bridge loans are typically used for short-term financing between two separate loans; however, they may also be used for cash-out refinances or quick purchases.

Property Type

GenWealth Capital Commercial provides bridge loans in New York for several types of properties, such as Single-Family Residence Investment Properties, Multifamily, Mixed-Use, Hotels, Warehouses, and Self-Storage

General Info & Details

  • Loan Amount: $100,000 to $15,000,000+
  • Loan Types: Purchase, Refinance, Cash-Out Refinance
  • Lending Areas: Nationwide
  • Loan to Value: Up to 80% (depending on property type)
    • Up to 85% LTV on single-family with a 740 credit score and over 2 properties purchased within the last 3-years.
  • Term: Short Term Loans between 12 to 36 months
  • Rates: Starting at 6.99%
  • No experience needed
  • Minimal financial documents required
  • Will allow Seller financing in certain scenarios

Apply Online or Contact Us for more information. Click Contact Us to reach our online form.

Special Quick Commercial Bridge Loan

Quick financing is available for commercial properties that are stabilized and cash flowing, without a required appraisal. These loans may close in two weeks or less.

  • No Appraisal Required!
  • Loan Amount: $500,000 to $30,000,000
  • Loan Types: Purchase, Refinance, Cash-Out Refinance
  • Lending Areas: Nationwide
  • Property Types: Multifamily, Office, Retail, Industrial & Warehouse
  • Loan to Value: Up to 70%
  • Term: 1-3 Years
  • Rates: 8% to 12%

Hotel Financing

  • Loan Amounts: Starting at $3,000,000
  • LTV: Up to 75%
  • LTC: Up to 65%
  • Term: 3-Years, plus extension options available
  • Interest Only: Up to 36 months
  • Amortization: 25-Years
  • Interest Rate: Starting at 5.5%

Apply Online or Contact Us for more information. Click Contact Us to reach our online form.

Our Private Money Lenders

We work with several private money lenders offering loans nationwide. Each lender specializes in specific areas of expertise for commercial real estate.

By working with multiple specialists, we can offer the right bridge loan for your project when a quick closing is necessary. In many cases, our private money lenders can provide cash the next day. Please contact us with any questions, or get the process started by applying online.

Financing for the following property types:

Multifamily Units

Office Buildings

Retail

Mixed Use

Select Hotels

Warehouses/Self Storage