Posts by North Woods

While hard money loans and traditional bank loans are both sound financing solutions, their processes and purposes couldn’t be more different. Both options have an important part to play in financing new opportunities. But while hard money loans can flexibly serve an immediate, time-sensitive need for funds based on existing assets, traditional bank loans rely…

Commercial real estate bridge loans are short-term financing options used to bridge the gap between the purchase of a commercial property and a longer-term financing solution. They’re often used to cover funds for a time-sensitive transaction, or when a property requires significant renovations or improvements. H2: Characteristics of Short-term Bridge Loans Short-term financing: Bridge loans…

Compared to other loans, short-term commercial real estate loans can be issued very quickly. Depending on the nature of the loan, the entire process of applying, being approved, and receiving funds can take as little as 10-20 business days.

Hard money loans are a type of short-term loan commonly used in real estate transactions. As opposed to “soft” money loans that come from banks, hard money lenders are typically individuals or lending companies more comfortable with a riskier loan. The reason they’re considered “riskier” for lenders is because, while they do sometimes involve a…

A bridge loan might be the right option if you need to finance a commercial real estate purchase or refinance an existing commercial real estate property.