Commercial Bridge Loans

International Financing Solutions
A  Division of Sean Allen, Inc. 

9531 Cypress Drive N.  Ft. Myers, Florida 33967
Ofc: 239-482-6866    Fax: 888-482-6860
Sean Cell: 239-898-9281     Email: sallen11867@aol.com
www.InternationalFinancingSolutions.com
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Commercial Bridge Loans 

A Commercial Bridge Loan is a type of short-term loan, typically taken out for a period of 6 months to 3 years pending the arrangement of a larger "take out" loan. These are provided as a way to provide a financial bridge to the borrower until the permanent loan can be closed. 

These loans are typically more expensive than the main loan because of higher interest rates, more points and other costs which accumulate over a short time period. These loans are usually for 50% of the appraised value of the land/real estate and can be funded in a very short period of time ..... 30 days or less. It is also not uncommon to cross-collateralize additional property to secure the loan. 

Bridge loans, because of their nature, are typically paid back once a permanent "take-out" loan closes or the property sells. 

The interest rates for Bridge Loans are between 12% and 15% and will have 6 to 10 points charged for supplying the financing. 

Some examples of Bridge Loan usage are: 

1. Take down the land for a development. This will usually involve the borrower putting cash into the transaction, the seller can hold back a second mortgage and the funding source provides 50% of the purchase price.
2. To provide a developer money to obtain the required permits and entitlements in order to secure permanent financing.
3. To provide cash to an existing company in order to make it over a financial hump or to help finance an expansion of the business. 

International Financing Solutions & ACT Global Financing specialize in Commercial Bridge Loans for properties/projects in the United States and abroad. Each request is reviewed on a "Case by Case" basis and the funds are figured depending on the appraised value of the property. 

If you are in need of a short term Bridge Loan, please provide us with the following documentation: 

• Detailed Business Plan
• Detailed Pro-forma
• Completed Summary form (this is provided upon request)
• Appraisal of the subject property 

Once we have the first three documents listed above we can then start the review process for your project. 

Our minimum loan amounts apply to the Bridge Loans:

* On Loans for US based properties the minimum loan amount is $5 Million USD
* On Loans for International properties the minimum loan amount is $10 Million USD.

Sincerely, 

 

Sean Allen
President

Please remember that terms, conditions and guidelines can change at any time without notice. For the most recent terms & conditions please call or send an email.