Moncler Jackets and Burberry coats are on sale Posted On : Nov-08-2011 | seen (69) times | Article Word Count : 434 |
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Bridging loans are another term for short term financing. It is meant for real estate financing until permanent financing is secured. Commercial real estate transactions require bridging loans to "bridge" in cash gaps.
Bridging loans can serve to fill up temporary shortfall while buying property, business or even paying for renovation. Bridging loans can serve the same function if you are buying property at an auction.
Bridging loans are secured loans, secured on property. The borrower would be required to place significant collateral. A Bridging loans lender would accept the following as security for the loan ?
Residential properties Auction properties Commercial and semi-commercial properties Development sites Sites with planning permission Buy to let properties Retail shops Overseas property
Heavy machinery Wholesale Nike Shoes , business equipment, inventory can also function as collateral. Bridging loans can be secured by getting a mortgage on the new property and taking out a second mortgage on the property being sold.