A bridge loan is short-term financing used to facilitate the financing of a property for a short period of time. It is used for various reasons to either acquire, maintain or improve a property with quick access to funds while more permanent financing is being arranged.
GMG Bridge is a unique arrangement with various funds globally that give Global Mortgage Group the ability to source immediate asset-based capital in most countries around the world. GMG has funds and lending partners that specialise in the US, UK, Europe, Canada, Australia, Singapore, Hong Kong, Thailand, and UAE. These unique relationships and volume give GMG a lot of negotiating power on behalf of the client.
"Regardless if you're in the US, UK, Europe, Canada, Australia, Singapore, Hong Kong, Thailand, or UAE, GMGBridge is a viable short-term financing option for assets you may own globally and wish to keep but have a short-term liquidity issue."
"In many cases, these events are unforeseen and can be resolved in a few months to a year. We understand the situation and the implications and, in most cases, take a loan from application to funding in a matter of 10 days. In most cases, we don't like to exceed 55%LTV (loan-to-value). However, in some cases, we have been able to secure as high as 70% LTV."
"Anyone that knows bridge financing, that is extremely aggressive."Robert Chadwick | GMG
Global Mortgage Group offers bridge financing on a variety of property types:
- Commercial buildings
- Hotels and casinos
- Retail shopping centers
- Mixed-use residential
- Apartment buildings
- Luxury homes
- Multi-family commercial
Reasons Companies or Individuals apply for bridge financing:
- Avoiding foreclosure
- Quick close on the property
- Partner Buy-Out
- Apartment buildings
- Financing a project beyond standard bank limits
- Pay off debt
"When GMG issues a bridge loan, a viable exit strategy is in place before the loan ever funds. Normally GMGBridge loans, regardless if they are in Europe, the UK, Canada, Australia, Singapore, Thailand, Hong Kong, UAE, or the US, the terms are relatively the same. 12-36 months interest-only payments with rates ranging from 9%-15% depending on the location, the rule of law, and the collateral. More often than not, with the proper time frame, we can refinance these assets into long-term financing through Global Mortgage Group's commercial or residential mortgage programs."Robert Chadwick | GMG
Often GMGBridge financing is a cheaper alternative to the standard hard money or private lending options while just as flexible underwriting and fast turnaround to fund. Both are non-standard loans acquired due to short-term or uncommon situations. A bridge loan term may be closed, only available for a pre-determined time, or open with no fixed payoff date. There may be a required payoff after a specific date. GMGBridge has terms of 12-36 months with interest-only payments.
Global Mortgage Group provides bridge loan financing for companies, developers, and individuals on a global scale. These interim financing services have been designed to assist real estate investors with financial solutions that offer quick relief in challenging times when liquidity or cash flow is an issue.
As one of the leading International property bridging finance companies in the market, we pride ourselves in creating long-term client-lender relationships.
Get in touch with us today to learn more about the structures and options of short-term bridge financing solutions [email protected]