Fast Financing From the Experts

Bridge loans and hard money are two important financing options, particularly for commercial real estate transactions. They can provide a temporary solution when funding is needed for a project. The professionals at Progressive Commercial Financial are skilled at promptly securing these types of loans.

Bridge Loans or Hard Money?

Both of these kinds of financing solutions have a role to play. Bridge loans are short term and often used to “bridge” the gap when a homebuyer is ready to purchase a new house, but has yet to sell their existing one. A hard money loan is similarly structured but can also be used to finance distressed properties that may be in foreclosure.

Terms and Rates

Following are some of the attractive terms and rates we offer our customers.

• Loan sizes ranging from $1 million – $100 million
• Available for domestic and international projects
• Collateral is usually commercial real estate including raw land and development projects
• Quick five day to one month closing cycles
• Variable interest rates from 9 to 14 percent based on collateral type
• Interest only amortization
• Up to 80 percent loan to value
• One to four percent origination fees

Contact Us Today

In you want to learn more about Progressive Commercial Financial’s bridge loans and hard money financing solutions please contact us today. We would love to hear more about your needs and discuss how we can help.