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Bridge Lending

A bridge loan is a short-term, temporary real estate loan secured by the asset that can close faster than term loans or conventional loans. It is great for real estate investors because not only can it be closed quickly, but the guidelines are looser. This type of loan is used as a temporary source of capital while the borrower secures permanent financing. This program is primarily used to bridge the gap between the purchase and sale of the property.

At Gallagher, we know the faster you can find a property, make an offer, close and get started on your next project, the faster you can earn a return on your investment and continue to expand your reach. Our bridge loans are extremely customizable, meaning you get a product with interest rates and terms that fit your needs.

We underwrite your loan based on the completed project value. This means you do not have to bring as much cash or dilute your equity to get a loan.

Terms
Property Types Single up five units
Loan Amount $250.000 - $10M
Starting Interest Rate 7% - 10%
LTC/LTV Up to 90% of LTC or 75% LTV
Term Length 12-36 Months
Expected Closing Time 2 Weeks
Prepay Penalty Varies - Case by Case
Extension Available 6 Months to 1 Year
Lending Area Nationwide / International
Benefits
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Non-recourse, repayment of the loan only through the property itself.
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Flexibility to move quickly on an investment property
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It can also be used to buy or refinance properties of other kinds
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