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.
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 $20,000,000. 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
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: $150,000 to $20,000,000
- Loan Types: Purchase, Refinance, Cash-Out Refinance
- Lending Areas: Nationwide
- Loan to Value: Up to 80% (depending on property type)
- 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 $20,000,000
- 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%
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.