Bridge Loans – Purchase / Refinance Program
This program is for borrowers who may have been in escrow to purchase or refinance a property who either could not close escrow due to time constraints or who had trouble qualifying for a variety of reasons. Whether property issues or qualifying issues, these hurdles would be overcome in a short period of time to eventually refinance to an A paper loan or sell the subject property. In some cases on a purchase if there was a low down payment or high LTV on a refinance, we have cross collateralized clients’ other properties to achieve their financing goal at an affordable rate and cost. In some cases, The Bridge Loans, Inc. cross collateralization feature has eliminated our clients having to come in with a down payment or closing costs to close on a transaction.