Ready Commercial Capital is highly experienced in providing our clients with Commercial Bridge Loans and Hard Money Loans in a short amount of time. With our numerous partnerships with institutional private investment firms we can provide the capital you need, in the time you need it in.
Many times a company is approved for a loan through its bank, or financial institution, but the loan doesn’t close for 4-6 months. During that time we can provide a short-term bridge loan, which will be paid back when the senior loan closes, so your short-term financial needs can be met.
We can also provide other types of short-term collateralized loans and can usually close in 10 days or less. We also have great option for Fix&Flip properties. We can cover purchase and 100% of rehab costs. More information on Fix&Flip loans is available here.
Commercial Bridge Loans Criteria and Rates:
- Loan Size: $1,000,000 to $100,000,000
- Lending Area: National and International
- Collateral: We lend mainly to commercial real-estate, including raw land and development projects
- Interest Rate: Variable from 6.99% to 14% depending on collateral
- Amortization: Interest Only
- LTV: Up to 80%
- Origination Fee: 1 to 4%
- Closing time: 5 Days to 1 Month