Bridge Loan

Bridge loans are short-term loans typically used until a person or company secures permanent financing or pays off the obligation. Investors and borrowers use the bridge loan to secure the capital to ensure their project or purchase proceeds until permanent financing is found. That’s why they call it a “bridge” loan.

There are many reasons to use bridge loans - for an example, a borrower may wish to buy a new property that is available now while waiting to sell another investment.

Bayside Funding Corporation works with private hard money lenders. This means we work with rates and turnaround times that banks and conventional lenders will not.