Not all projects happen all at once. Express Capital Financing offers bridge loans in Queens, NY to fill in any gaps in funding for multistage business opportunities. Our bridge loans in Queens, NY are ideal for:

  • Purchasing, renovating, and selling commercial real estate
  • Business mergers and acquisitions
  • Multistage contract projects

Benefits Of Bridge Loans In Queens, NY

  • Bridge loan amounts starting at $250,000
  • Up to 100 percent LTV for improvements
  • Up to 80 percent LTP
  • Up to 65 percent LTV for acquisitions
  • Terms up to 60 months
  • Interest only amortizations
  • Fast closings
  • Variable interest rates based on collateral

Bridge Loans In Queens, NY For Commercial Real Estate

Commercial real estate investors, particularly house flippers, make great use of bridge loans in Queens, NY. House flipping and rehab projects in Queens, NY need to adhere to a tight schedule. As time lines drag due to inadequate finances, the profit margin shrinks. When larger funding is still in the pipeline, bridge loans in Queens, NY are used to fill in the gaps and cover more immediate expenses. Closing costs, acquiring permits, lining up contractors, and even staging can be covered by bridge loans in Queens, NY. Clever commercial real estate investors in Queens, NY frequently roll bridge loans into the amount requested from larger financing options. After the larger financing is processed and funds are disbursed, it is used to pay off the balance on the bridge loan. Since there are no prepayment penalties on bridge loans in Queens, NY, commercial real estate investors can use them for multistage projects, and then repay them without incurring any heft fees.

Qualifying For Bridge Loans In Queens, NY

Qualifying for bridge loans in Queens, NY is simple and easy. A minimum credit rating of 500 or more meets the basic requirements for bridge loans. At Express Capital Financing, we understand the positive impact that house flippers have on neighborhoods. Purchasing homes, improving them, and then selling them adds a lot more than curb appeal. House flipping projects in queens, NY bring in new homeowners, which translates to more money in the local economy. For these reasons and more, we try to make bridge loans in Queens, NY easy to access, so commercial real estate investors can make a successful living at renovating and flipping properties.

Bridge Loans And Property Types

Bridge loans from Express Capital Financing can be used to a wide range of property types in the Queens area, including:

  • Multifamily
  • Retail
  • Mixed use
  • Office buildings
  • Industrial
  • Warehouses
  • Self storage
  • Assisted living
  • Strip malls
  • Flagged hotels and motels

Get The Bridge Loans you Need

At Express Capital Financing, we are committed to providing the best bridge loans in Queens, NY. Whether you need funding for renovating commercial real estate, or capital to fill in the gaps on a multistage project, our bridge loans have you covered. Contact our offices today to learn more.