Bridge loans allow the individual to borrow funds to cover the short time between the purchase and re-selling dates of a property. Usually the property requires minimal work before it can be re-sold for a profit. Often transitional financing needs cannot be met so a hard money lender like COHI Colorado can fund your loan quickly. Other situations may call for a bridge loan when traditional financing falls through or if a bank calls a note due: a bridge loan may solve the short-term problem until permanent financing is secured.
Important: We do not make consumer loans or loans primarily for personal, family or household use.