BRIDGE LOANS

GMG Bridge Loans are short-term loans used until a person or company secures permanent financing or removes an existing obligation. It allows the user to meet current obligations by providing immediate cash flow.

What is a Bridge Loan?

What Is a Bridge Loan?

GMG Bridge Loans are short-term loans used until a person or company secures permanent financing or removes an existing obligation. It allows the user to meet current obligations by providing immediate cash flow.

Bridge loans are short term, up to one year, have higher interest rates than traditional mortgages, but can be funded in a very short period of time. Bridge Loans and are usually backed by some form of collateral such as real estate.

Here are the 2 most popular ways borrowers use GMG Bridge Loans:

  1. Homeowners can use GMG Bridge Loans toward the purchase of a new home while they wait for their current home to sell. This gives the homeowner some extra time and, therefore, some peace of mind while they wait.
  2. Use the existing home equity to cash-out quickly for immediate use of funds – our most popular use of GMG Bridge Loans currently.

Needless to say the Coronavirus has impacted all areas of our lives. GMG Bridge Loans offer a quick and easy option for those looking for short term liquidity and peace of mind.

Let GMG help with your financing needs

Case Study: Bridge Loans

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