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06-26-2020, 04:03 PM #1
- Join Date
- Jun 2015
- Location
- San Diego, California
- Posts
- 40
Bridge Loans in California - What is a Bridge Loan?
North Coast Financial provides residential bridge loans in California for homeowners who wish to borrow against the equity in their current property in order to help purchase their new primary residence. This prevents the borrower from having to move twice when moving to a new primary residence. Bridge loans are short-term loans of less than 12 months. What is a bridge loan?.
Conventional lenders typically do not provide this type of bridge loan as it is short-term and often paid off within 3-4 months. Most hard money lenders aren't able to provide residential bridge loans as these are considered consumer purpose loans which many hard money lenders will not fund.
North Coast Financial, Inc.
2424 Vista Way #202
Oceanside, CA 92054
760-722-2991
jeff@northcoastfinancialinc.com
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01-15-2024, 12:25 PM #2
- Join Date
- Jan 2024
- Posts
- 9
Hi Jeff...If you have any smaller deals that you don't want to deal with please send them over to Scott@CoastalCapital.com
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01-18-2024, 01:54 PM #3
- Join Date
- Jun 2015
- Location
- San Diego, California
- Posts
- 40
Hi Scott,
What bridge loan amounts are you looking for?
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01-18-2024, 01:57 PM #4
I am assuming you are referring to a primary residence second position short term bridge to use cash as a down payment for a new primary residence
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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