Real estate loans | Pmfpartners

When it comes to real estate investments, sometimes traditional financing options are not an ideal fit. In such cases, hard money bridge loans can provide an attractive alternative for short-term financing needs. Hard money bridge loans offer flexibility to meet a variety of real estate financing needs, such as purchasing another property, paying off existing debt, or making improvements on a property. These loans typically offer interest-only payments for a period of up to 24 months, with no payment required until maturity.

After maturity, the loan typically transitions to monthly payments with interest-only options until the term ends, usually within six months. Furthermore, hard money bridge loans have fast approval times and can be funded quickly, making them an ideal option for borrowers in need of quick financing. It is worth noting that hard money bridge loans are not without their drawbacks. These loans often come with higher interest rates, fees, and shorter repayment terms than traditional financing options. Therefore, borrowers should carefully consider their financial situation and evaluate the pros and cons before opting for a hard money bridge loan.