Are you a developer or another commercial property owner who is planning a new project while counting on cash that you are supposed to receive from the purchaser of your existing property? Probably you have the intention to use these funds for a new acquisition. However, it is true that closing dates of selling and buying properties hardly ever align with each other. When this happens, you might find yourself exasperatingly stuck in a shaky act of financial balancing. That is where the well-reputed bridge loan lenders like Urban Standard Capital can help.
Bridge lending offered by us is essentially the short term financing that you can utilize in the transactions related to real estate. These funds can aid you in financing your purchase of new property when you are either yet to sell your first property, or you have already sold it but waiting for the payment of this sale. As you can also grasp that the symbolic use of “bridge” in the private bridge loan signifies that it assists in filling up the time-gap that you may encounter in the transactions of selling and buying your commercial or residential property.
Generally, the cash that you are allowed to borrow through a commercial bridge loan is around eighty percent of both properties’ combined value (the properties you intend to buy and sell). However, Urban Standard Capital can tailor an outstanding deal for you according to your unique fiscal needs.
An incredible thing about these loans offered by us is that they can help you out in multiple ways. Some of the most noteworthy uses of short term loans in New York are listed below:
Benefits of Getting Bridge Loan from Private Lenders in New YorkThe following are some of the salient pros that you can enjoy by maximizing on bridge loan investment.
If you are considering take an bridge loan with Urban Standard Capital, here is what you will need:
We look forward to closing your acquisition loan and helping you achieve your realestate investment goals.