Bridge Loans New jersey private lenders hard money loans in the states of New Jersey and New York. We are Direct Lenders and we’ve created very competitive programs for Single, Multi Families, Mixed Use, Commercial, New Construction Loans From $100K – $20M – Up to 90% LTV – 100% Rehab – 4% Origination Fee and 12% APRI want to buy a smaller home in Georga, however, to do so I would need a bridge loan. I plan on selling it but not yet, it is valued at $265,000. The idea is to get a bridge loan to purchase a condo in Georgia and pay it off when my house in Florida sells. Is there a specific amount of time that the bridge loan must be paid off?

Bridge loans are most commonly reserved for real estate financing though they don’t have to be. A bridge loan is usually a short term loan that provide funds for purchasing an asset (such as a home) when the cash-on-hand along with the primary loan is not enough to pay for the asset.

Take advantage of a bridge loan to purchase a home while still selling your existing home.

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There are two types of bridge loans for home mortgages. In the first, you borrow the money needed to pay off the mortgage on your old home plus provide a down payment for your new one. In the.