The brand new link financing can be used just like the a down payment so you’re able to buy the fresh new venue and you will pay off the remainder mortgage in your newest assets. If you don’t have time and energy to raise advance payment (if you would like go out you buy), bridge funds can work to you. Since the temporary concludes, you can re-finance to help you a classic commercial financing to invest your bank.

Obtaining The newest Possessions

Borrowers are able to use a bridge financing buying new industrial assets. Entrepreneurs may use which to obtain a professional property in advance of its competitor purchases they basic. (more…)