Bridge Loans

Bridge Loans: Your Hard-Money Solution for Short-Term Financing Needs

Bridge loans are used as a temporary source of capital until a more traditional source can be secured. Once a commercial or residential property has been purchased, it may take time to improve the property, find tenants, or sell the property. A bridge loan can provide the funds for an investor, real estate professional, or contractor to purchase, build, or fix and flip a residential or commercial property. A bridge loan can also provide short-term working capital for a small business.

Traditional lenders are limited to providing capital under a strict set of conditions. Because of our equity-based financing, Socotra Capital is not bound by those restrictions and can provide bridge loans backed by equity in a property to meet any number of requirements. As a top Private Money Lender in California, we make bridge loans to real estate professionals and investors interested in quickly buying both commercial and residential property before the property is sold.

We also offer bridge loans to small business owners that need fast money on property that is held free and clear or with substantial equity. Our bridge loans maximize your flexibility, enabling you to build, purchase, or rehab a residential or commercial property.

Let us give you the boost of working capital for your industrial and commercial applications. We accept borrowers with low credit scores, prior bankruptcies, and foreclosures.

BRIDGE LOAN SCENARIOS INCLUDE:

  • Purchase
    • Owner User
    • Investor Property
  • Refinance
  • Construction
  • Single Family Residence

BRIDGE LOANS FOR OWNER USER

Looking to acquire and make improvements to commercial properties? Does your business occupy the building you own? Finding an easy answer to your short-term financing needs will enable you to focus more time on your business. Examples of when this could be relevant include:

  • Industrial entities who own their buildings so they can expedite any changes required to support a new product line.
  • A corporate entity may only occupy a percentage of the entire property, and wants to attract new, rent-paying tenants to the site.

Boost the value of your equity with one of our fast and easy bridge loans! Making improvements will increase the value of your investment, and our bridge loans will help you upgrade the condition of your property and bring in new, rent-paying tenants. Let us bridge the gap between purchase and stabilization.We will help you improve your property from distress to success.

We offer both interest-only and term loans up to ten years, allowing you to choose a payment schedule that best fits your needs!

Download and complete the Socotra Capital Form to get started.

BRIDGE LOANS FOR INVESTOR PROPERTY

Traditional financing for any investment property type requires a history of tenant payments. But, as is often the case, the owner of the property is interested in renovating the vacant property and attracting new tenants. Once these tenants are in place, owners must stabilize the income they receive.

Our bridge loans provide the means to get the transaction done with enough time to stabilize the property. Banks require a history of tenant payments, which makes it difficult to maintain that stabilization. We will work with you to set a payback timetable, and we can adjust it according to your conditions.

We are as good as cash. And with no limits on the number of properties or bridge loans, you can leverage one building or your entire commercial portfolio.

BRIDGE LOANS FOR A REFINANCE

This is among the most common uses for a bridge loan. Loans for small businesses are typically handled by the SBA (Small Business Association). However, there are times when an investor does not qualify for SBA loans, due to damaged credit or a nonqualified property. This hinders a property owner’s access to equity in their property. This is where Socotra Capital steps in. We can provide the capital to handle the necessary short-term liquidity needs, so long as there is sufficient equity in the property.

No matter why you need a bridge loan, Socotra Capital is here to help. There is no limit to the number of bridge loans or the number of properties we will finance. Our hard money bridge loans are based on real property equity. We can often provide you with same-day prequalification. Please complete our Loan Interest Short Form to get started.