A bridge loan is short-term, asset-based financing traditionally used until more permanent financing can be secured. An excellent alternative to conventional bank loans, a bridge loan can be the ideal solution for time-sensitive transactions such as in real estate and other acquisitions.
Time is always the issue when you are considering a bridge loan for financing purposes. Typically if you're interested in a bridge loan, you need financing - and you need it now.
At Hyland Financial we understand your urgency, and we'll do everything possible to provide the funding you need in the shortest amount of time.
Bridge loans offer financial solutions for situations not addressed by conventional lenders. These include, but are not limited to:
- Acquisitions and refinancing
- Borrower distress
- Tax liens and judgement payoffs
- Bank workouts
- Rehabilitation, renovation, and conversions
- Partner disputes and restructurings
Hyland Financial can customize a bridge-loan package to meet your business's exact needs. Here are our basic bridge-loan guidelines:
- Loans typically range between $250,000 to $10,000,000.
- Acceptable collateral includes publicly traded stock, real estate, machinery and equipment, royalties, accounts receivable, and real estate.
- Terms can range from 90 days to 24 months.
- Rates range from 1.00% to 1.50% per month, with the borrower typically paying points as origination and underwriting fees.
All you have to do is give us a call and tell us what you need. Generally, we'll tell you immediately if we can help. If we can, we'll gather additional details and issue you a written proposal within days.
We've minimized the paperwork involved in our process to meet our clients' tight financial deadlines. In fact, short-form appraisals are usually accepted. In many cases an insurance carrier will provide us with environmental-insurance coverage, eliminating the need for you to complete a Phase II environmental report.
Throughout this brief process, a Hyland Financial Loan representative will work closely with you and keep you informed. The end result is that you get to the service you want, and the funding you need, when you need it.
In the fast-paced business world, often there's no time to wait for traditional financing. That's when a bridge loan can be the ideal solution. And that's when Hyland Financial can prove the ideal partner. Why? Because we customize a loan package to fit your precise needs. We work hard to minimize paperwork and reduce fees. And because we're one of the most active sources of bridge-loans in the country, we can get you the funding fast. So you don't have to wait or worry. So you don't miss an opportunity to make your business succeed.
We provide fast, easy funding for companies throughout the U.S. If you'd like more information, call us at 732-985-4362 or email us at rkg @ hylandfin.com (no spaces). We'd like to get to know you, to understand your business, and to see if we can help.
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