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In this video, Jenova from BTSfunding discusses bridge loans and their terms. Bridge loans are short-term financing options, typically lasting from 6 to 12 months, and are contrasted with conventional mortgages, which are long-term. Interest rates for bridge loans range from 6 to 12%, and they are usually structured as interest-only loans during the loan's maturity. For example, if one secures a nine-month bridge loan at an 8% interest rate, only the interest is paid throughout the loan term. The primary benefit of bridge loans is that they allow borrowers to quickly finance and flip properties for profit within a short time frame.
