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Call Now (844) 422-7069
Bull Venture Capital is a bridge loan lender who has been providing real estate investors with hard money bridge loans for many years.
Offering fast approvals and funding, competitive rates and reliable service, Bull Venture Capital has established themselves as one of the top hard money bridge loan lenders in Miami but offers its services nationwide.
A bridge loan is a type of loan used for short-term financing. Bridge financing typically has a term from 6 to 24 months. Bridge loan rates are higher than traditional institution loans due to the increased risk.
We do check your creditworthiness, but your approval will not be based on just credit since the property itself will secure the loan. This is beneficial for borrowers who may currently have less than ideal credit but have equity in the property.
These loans have a lower loan to value (LTV) ratios than traditional mortgages obtained from banks in order to protect the lender from a borrower defaulting. The bridge loan lender will generally only allow for a loan to value ratio from 50% to 70%. The loan amounts available for a bridge loan can range from a relatively small amount of $50,000 to a jumbo bridge loan in the millions of dollars. The borrower may sell the property or arrange other long-term financings in order to pay off the loan.
Residential and commercial gap loans are both gaining popularity as a way to quickly acquire cash in order to take advantage of short-term real estate opportunities. Commercial transactions generally have a lower LTV than residential transactions and will require additional information and documentation. Documentation is not as extensive as a traditional mortgage, closings can range from 1 up to 4 weeks.
This type of loan may also be called a bridging loan, gap financing, interim financing, or a swing loan.
| Loan Application Approval Timeline | Same day approval available |
| Time to Fund Loan | 2 to 4 Weeks Typically |
| Property Types | Single-family, multi-family, commercial, industrial |
| Loan Amounts | $50,000 to $50,000,000 |
| Loan Terms | 6 months to 24 months |
| Lien Position | 1st |
| Loan to Value (LTV) | Up to 90% of the current value of property |
| Interest Rates | From 7% to 14% (Interest-only payments) |
An example of a traditional bridge loan would be when an investor owns a property and wishes to purchase a new property. The investor doesn’t have sufficient funds to purchase the new property but needs to secure the new property before selling the existing property. The investor is able to use gap financing to borrow against the property they already own to raise funds for the purchase of the new property.
Once the new property is purchased, the investor can sell their original property and pay off the bridge loan. The bridge loan “bridges the gap” between the purchase of the new property and the sale of the existing property. If you still have doubts you may want to read this in-depth article or simply call us and we will be glad to answer your questions.
In most cases, we can convert the gap loan into a traditional commercial mortgage with more favorable terms.
Bull Venture Capital is an experienced private bridge lender offering hard money loans nationwide. Contact us now to see how we can help you with your real estate financing needs.
Flexible loan terms give more room for the borrowers in how they can structure their loans, thereby offering better provisions for unique needs and particular financial circumstances. These can be in the form of adjustable interest rates, flexibility in the repayment schedule, or even in the length of a loan. Issues such as the down payment, collateral requirement, and loan duration are open to negotiation with flexible lenders in order to match the financial capability of the borrower or the nature of the investment. Such facilities are pretty important to real estate investors, entrepreneurs, and those receiving variable incomes, as the facility gives the option to tailor loans according to cash flow needs or project timelines. Whether it is a short-term fix-and-flip or a long-term rental investment, flexible loan terms give latitude to the borrower in structuring financing in the best possible way to suit their goals.
Bridging loans finance lenders engage in short-term loans that often bridge two financial transactions. The most common occurs when buying a new property before the selling of the existing one takes place. Their investment in interest is basically aimed at the speed with which any solution enables borrowers to get into competitive markets quickly or immediate funds required for purchases, renovations, or enterprise needs in real estate. The reason is, that bridging loans are always secured against the property and an exceptionally popular option amongst real estate investors and developers. These need temporary funding to close out a deal. Most lenders offer flexible loan terms and fast processing for their loans to ensure that the borrowers can gain access to the capital quite easily rather than waiting too long, as they would when approaching a traditional lender.
Hard money loans for real estate provide a fast and flexible way for investors needing immediate access to capital. The loan in such cases is often secured by the property in question, which makes this option very attractive to investors who might not qualify for traditional bank loans because of credit issues or tight timelines. Hard money loans are applied in fix-and-flip projects in buying rental properties or in real estate development in that the investor needs funds for the purchase and renovation of the house. Hard money loans are usually approved in a very short time compared to conventional loans, and the primary concern is based on the value of the property or after-repair value. While carrying higher interest rates but more lenient requirements, hard money loans enable real estate investors to seize better opportunities faster and eventually reap their intended benefits after the project.