Luke Gooch of Simple Commercial Capital arranged for a $895,000 commercial real estate cash-out refinance with no restrictions for a mixed-use property in Clayton, North Carolina. Key terms of the CRE loan included:
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What is a Bridge Loan?
Exactly as the name suggests, bridge loans are used to bridge the gap between initial needs and an intended exit. Commercial bridge loans can be used to cover a wide range of transactions: Commercial Real Estate Purchase, Cash-Out, Refinance, Value-Add/Rehab, Development, and Ground-up New Construction.