Manual file processing might be a reason behind your business burning off funds along with your staff members losing interest in their duties. The simplest way to increase all organization processes and increase your data is to manage everything with cutting-edge software like DocHub. Manage all your files and Save Bridge Loan Agreement in JPG within just mere seconds and save more time for relevant duties.
With DocHub, you have limitless access to your files and Templates available for you at any moment. Discover all features right now with your free of charge DocHub account.
hey everyone i am Jenova from BTSfunding Im here today to talk to you about bridge loans and their loan terms and so i just want to get into it dont want to take up too much of your time lets just talk about it what are bridge loans bridge loans are short-term financing theyre short-term financing compared to a conventional mortgage which is typically long-term financing bridge loans usually span from 6 to 12 months and they also do typically have a higher interest rate anywhere from 6 to 12 percent and these loans are typically interest only loans of the loan maturity so if you did a nine month loan term and you have eight percent of an interest rate youre gonna only be paying the interest rate for that nine months and then once the nine months is up hopefully at that time youve flipped your property and youve made your profit and youre ready to move on right thats the benefit of having a bridge loan is that you can get a bridge loan flip a prop