For Brooklyn, NY entrepreneurs and commercial real estate investors, securing complete financing for larger projects can be challenging. When larger funds are still in the pipeline, there may be gaps left to cover immediate costs. These costs could be anything from closing on a property, to hiring additional staff, or even organizing subcontractors. Whatever the reason, Express Capital Financing can fill in those gaps in funding with our bridge loan program for Brooklyn entrepreneurs.
Filling In Funding Gaps With Bridge Loans In Brooklyn, NY
Express Capital Financing works one-on-one with Brooklyn business owners and commercial real estate investors to understand their funding needs. This way, we can tailor a bridge loan program to fill in any necessary funding to meet immediate project costs. Our network of investment firms, as well as our in-house team of professionals, can create bridge loans to meet the specific needs of entrepreneurs in any industry. Our bridge loan program includes such features as:
- LTV up to 90 percent
- Funding starting at $1 million on up to $100 million
- Interest only amortization
- Origination fee of 1 to 4 percent
- National and international lending
The interest rates on bridge loans are structured around any property used as collateral. At Express Capital Financing, we are able to accept both raw land and developed commercial real estate as collateral for bridge loans in Brooklyn, NY.
Never Lose Momentum
One of the major challenges facing Brooklyn, NY entrepreneurs is the time it takes for larger funding or traditional loans to process. This processing period can cause larger projects to get put on hold. In many cases, especially with internal roll-outs or commercial real estate construction and renovation projects, not being able to take action can become very costly. By using bridge loans, Brooklyn entrepreneurs can keep things in motion without missing beat. Bridge loans are designed to maintain momentum in larger projects, that can usually get held up as financing processes in stages.
Bridge Loans For Large Commercial Real Estate Projects In Brooklyn, NY
Express Commercial Financing provides bridge loans to Brooklyn area commercial real estate investors who are working on larger projects. These bridge loans can be used to cover immediate expenses, such as:
- Closing costs
- Inspections
- Licenses and permits
- Groundbreaking construction
- Demolition
- Selling preparation for flipping houses
Providing The Best Financing In Brooklyn, NYÂ
Express Capital Financing is committed to providing the best funding solutions in Brooklyn, NY. Instead of getting held up by the red tape and rejections of traditional lending institutions, such as banks, contact our team. We can arrange the financing you need quickly and efficiently, and provide customized and affordable funding solutions which are tailored to the size and scope of your project. If you own a business in Brooklyn, NY, or if you are a commercial real estate investor taking on a larger project, contact the experts at Express Capital Financing for a no-obligation business analysis to keep your project moving.