Short-term financing to bridge gaps in real estate transactions.
Bridge loans serve as the critical financial mechanism that allows real estate investors to navigate timing mismatches between property transactions, enabling strategic moves that would otherwise be impossible due to capital constraints. In the fast-moving Myrtle Beach and Grand Strand real estate market, where opportunities emerge suddenly and require immediate action, bridge financing provides the temporary capital necessary to seize deals while awaiting longer-term financing or the closing of property sales. Our specialized bridge loans are engineered for speed and flexibility, recognizing that bridge financing is inherently situational and requires customized solutions rather than one-size-fits-all approaches.
The need for bridge financing arises in numerous real estate scenarios. Investors often find ideal acquisition opportunities before completing sales of existing properties, creating a capital gap that bridge loans fill. Properties requiring renovation before qualifying for conventional financing need temporary capital to fund improvements. Development projects requiring phased funding benefit from bridge structures between construction and permanent financing. Estate situations, partnership buyouts, and distressed acquisitions frequently require immediate funding that only hard money bridge loans can provide.
Traditional bridge financing from banks, when available, imposes extensive documentation requirements, lengthy approval processes, and rigid terms that defeat the purpose of bridging time-sensitive situations. Many banks don't offer true bridge products, forcing borrowers into expensive construction loans or lines of credit with unfavorable terms. The bureaucracy that characterizes conventional lending simply doesn't accommodate the urgency that makes bridge financing necessary.
Our hard money bridge loans take a fundamentally different approach, emphasizing rapid response, streamlined documentation, and flexible structures tailored to each borrower's specific situation. We can provide preliminary approvals within hours and fund within days, making our bridge loans genuinely useful for time-sensitive opportunities. Loan terms accommodate the actual timeline needed, whether that's 30 days or 18 months. We structure each bridge loan to address the specific capital need, collateral position, and exit strategy appropriate to the situation.
Acquisition bridge loans enable investors to purchase properties before completing sales of existing assets. This common scenario arises when an exceptional acquisition opportunity emerges while current properties are listed but not yet sold. Our bridge loans provide acquisition capital secured by either the new property or cross-collateralized with existing properties, allowing investors to move forward without waiting for contingent sales. Once existing properties sell, proceeds pay off the bridge loan, completing the transaction cycle.
Refinance bridge loans provide temporary financing when properties don't currently qualify for conventional refinancing but will after specific improvements, seasoning periods, or market developments. Properties with recent acquisition, ongoing renovations, or tenant lease-up may not meet conventional lender requirements immediately but will qualify within months. Our bridge loans provide lower-cost capital than hard money acquisition financing while positioning for eventual conventional refinance.
Construction completion bridge loans fund projects that have stalled due to capital shortfalls, cost overruns, or lender issues. These rescue financings provide the capital necessary to complete partially built properties, enabling eventual sale or permanent financing. We evaluate the remaining work required, current property value, and completion timeline to structure bridge loans that bring projects to successful conclusion.
Partnership buyout bridge loans facilitate acquisition of partner interests in real estate entities when timing or valuation issues prevent immediate permanent financing. These situations often arise from partnership disputes, estate situations, or strategic repositioning where one partner wishes to exit. Bridge financing allows the remaining partner to consolidate ownership, with permanent financing or property sale providing eventual exit.
Distressed acquisition bridge loans fund opportunistic purchases of distressed properties, notes, or foreclosure situations requiring immediate capital. These time-sensitive opportunities often don't accommodate conventional financing timelines, making bridge loans essential. We can move quickly to provide acquisition capital, with renovation or stabilization creating value for eventual permanent financing or sale.
Bridge financing situations inherently involve uncertainty, as the temporary nature of bridge loans means borrowers must have credible exit strategies. Market conditions can shift during bridge periods, affecting planned refinances or sales. We address this by structuring bridge loans with realistic timelines, requiring multiple exit options when appropriate, and maintaining communication about market developments that might affect exit execution.
Collateral valuation complications arise when bridge loans cross-collateralize multiple properties or involve properties in transition. Values may be changing due to renovations, lease-up, or market movements. We address these complexities through conservative initial valuations, ongoing monitoring, and flexibility in collateral requirements when appropriate. Our experience with diverse bridge situations enables us to structure collateral packages that work for all parties.
Exit execution risk, the possibility that planned permanent financing or sale doesn't materialize as expected, represents the fundamental bridge loan concern. We mitigate this through thorough underwriting of exit strategies, requiring backup exit options, and structuring loan terms that accommodate reasonable delays. When exits prove more difficult than anticipated, we work with borrowers to modify terms or identify alternative solutions rather than forcing distressed positions.
Documentation and legal complexity can increase with bridge loans involving multiple properties, cross-collateralization, or subordination arrangements. We streamline documentation where possible while ensuring all parties' interests remain protected. Our legal team has extensive experience with complex bridge structures, facilitating efficient closings even with sophisticated arrangements.
Our bridge lending process begins with understanding your specific situation, timeline requirements, collateral availability, and exit strategy. We don't force standardized products onto unique situations but rather design bridge solutions addressing your particular needs. Initial conversations provide quick feedback on feasibility and preliminary terms.
Once engaged, we move rapidly through underwriting, focusing on collateral value, exit viability, and your track record rather than extensive income documentation or credit analysis. We can typically provide term sheets within 24 hours and close within days when time is critical. Our bridge loans range from $100,000 to $5,000,000+ with terms from 3 to 18 months.
Throughout the bridge period, we maintain appropriate oversight without micromanaging. As exit timelines approach, we communicate proactively about extensions, modifications, or transition to permanent financing. Our goal is successful bridge loan payoff through execution of your planned strategy, not loan extension fees or distressed collateral acquisition.
We provide bridge loan financing throughout South Carolina, including the entire Grand Strand region from Myrtle Beach to Georgetown, the Charleston area, Columbia, Greenville, and all major markets. Our ability to move quickly applies regardless of property location within the state.
A bridge loan is short-term financing that 'bridges' a gap between transactions or financing stages. Common uses include purchasing a new property before selling an existing one, financing renovations before permanent refinancing, completing stalled construction projects, buying out partners, or seizing time-sensitive opportunities that can't wait for conventional financing. Bridge loans typically have terms of 3-18 months and are paid off through property sale, permanent financing, or other capital events. You should use bridge financing when speed is essential, conventional financing isn't currently available, or you need temporary capital for a specific strategic purpose.
While both are short-term financing, bridge loans specifically address timing mismatches and transitional situations rather than funding projects from start to finish. Bridge loans often have more flexible terms reflecting their temporary nature, may involve cross-collateralization of multiple properties, and focus heavily on exit strategy viability. Bridge loan rates may be slightly lower than acquisition hard money since they're typically lower-risk situations with clear exit paths. Documentation and structuring often accommodate unique situations that don't fit standard loan templates.
We require credible, documented exit strategies appropriate to the situation. Common exits include sale of the subject property or other owned properties, refinance to conventional or permanent financing, lease-up and stabilization creating qualifying income, or capital events such as partnership contributions or external investment. We evaluate the feasibility of proposed exits based on market conditions, property characteristics, and your track record executing similar strategies. For higher-risk situations, we may require backup exit options or additional collateral.
Yes, we offer extension options for bridge loans when exits take longer than initially projected, assuming satisfactory payment history and viable continued exit prospects. Extensions typically involve additional fees and may include interest rate adjustments. We work with borrowers experiencing reasonable delays rather than forcing premature sales or distressed refinancing. However, extensions aren't indefinite, we expect borrowers to actively pursue exit execution and communicate proactively about progress and any emerging issues affecting exit timing.
Yes, we frequently structure bridge loans using multiple properties as collateral. Cross-collateralization can increase available loan amounts, improve loan terms, or provide necessary security when individual properties don't have sufficient equity. We can structure blanket loans across property portfolios, second liens on existing properties combined with first liens on new acquisitions, or other collateral arrangements appropriate to your situation. Documentation and legal structuring accommodate these complex arrangements while protecting all parties' interests.
Get started today and receive multiple competitive loan offers from verified hard money lenders experienced with your property type.