Today there are many loans: personal, consumer, for companies, mortgage, short, medium, and long term, etc. Depending on their classification, one or the other arises and within each typology, there are multiple subcategories.
Likewise, in the real estate market, various financing channels allow projects to be launched. However, today in the Zip Funding website we are going to focus on bridging loans, what it is and when it is used.
The first thing is to define what a bridge loan is. A bridge loan is requested in the face of an immediate need for financing and is temporary (its term is usually not more than 5 years) until the definitive financing for the project is achieved.
Its third characteristic is to have the assurance that whoever receives it will have the economic capacity to return it. It is considered a method of financing of "short" duration before acquiring a long-term loan. In other words, it serves to cover a capital deficit in a given period.
At Zip Funding, we are specialists in alternative financing in the real estate sector through bridge loans. The implementation of our financial solution was designed to solve the gap that existed in the lack of credit to small and medium developers.
We study each particular case, analyzing its possibilities and ensuring that they are projects that require our method and will be outstanding promotions.
Having explained what bridge loans are, you may have decided that this is not the best alternative, according to your financing needs.
Zip Funding team focuses mainly on offering this type of loan to residential developments and other types of alternative assets that we are analyzing and evaluating to include in our possibilities.
Zip Funding website we are going to focus on bridging loans, what it is and when it is used.
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