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When To Use Bridge Loans For Commercial Real Estate In Boston, MA

Purchasing commercial real estate in Boston, MA for such things as fix and flip projects, or renovations, is usually a multi-stage process. While larger financing is still being processed, there are still more immediate expenses which need to be met. In order to pay off these time-sensitive financial obligations, investors purchasing commercial real estate in Boston, MA use bridge loans.

What Are Bridge Loans For Commercial Real Estate In Boston, MA?

Bridge loans help investors and property developers by filling in any financing gaps when purchasing commercial real estate in Boston, MA. Bridge loans are used for everything from covering closing costs to getting permits for construction, and even getting commercial real estate in Boston, MA staged properly when it is being listed for sale.

What Types Of Commercial Real Estate In Boston, MA Use Bridge Loans?

Bridge loans can be used for a number of types of commercial real estate in Boston, MA. Bridge loans are used for fix and flip projects; renovations to older commercial properties; ground up construction; built-outs on franchise establishments; and much more. Anytime expenses crop up while financing is still in the pipeline, bridge loans can be used. One of the unique aspects of using bridge loans for commercial real estate in Boston, MA is how quickly they can be arranged. Closing and disbursal for bridge loans can be finalized in mere days. Contrast this with traditional bank loans, which can take weeks or months, and using bridge loans for commercial real estate in Boston, MA is much much easier and more efficient. In fact, many investors and property developers will take out bridge loans along with larger loans for commercial real estate in Boston, MA. The bridge loans will be used to cover time-sensitive expenses, and the larger financing will be used in part to pay off the loan. This process acts as automatic consolidation, so the balance from the bridge loan is not left outstanding after the transaction is complete.

Learn More About Bridge Loans Today

If you are thinking of purchasing, renovating, or building commercial real estate in Boston, Ma, talk to the experts at Clipper Commercial Capital. We offer a wide range of affordable solutions and strategies for commercial real estate in Boston, MA. Our team will work with your directly to arrange bridge loans which fit the size and scope of your project.