SNCLoans.com
Direct Bridge Loan
Companies across the country are currently suffering through the hardest economic evironment since the great depression. Many companies are unable to find financing to finish the projects they were undertaking at the time of the financial meltdown. One solution to this is a Direct Bridge Loan by Security National Capital (SNC).
A direct bridge loan is a short-term loan that allows a property owner to not default on a property while new financing is being sought. Whether your company needs some cash to pay for your other mortgage while you look for a buyer, or you needs some money to pay some creditors while you find a long-term solution, a direct bridge loan may be the solution for you.
When creating a direct bridge loan, SNC will typically look at the value of your property and give you a direct bridge loan of up to 60% of the value of your land. With this extra cash, you can afford to take the time necessary to find the best deal for you on the property you are financing.
Direct bridge loans also allow a company to stay in business while they find more equity. Once this equity is found, you can pay the direct bridge loan back and your company doesn't have to worry about having a long-term loan draining your resources every month.
Get a Direct Bridge Loan on these Property Types
| We DO lend on these property types | We DO NOT lend on these property types |
|---|---|
| Apartments (5 units or more) | Gas stations |
| Office buildings | Convenience stores |
| Retail buildings | Marinas |
| Strip centers | Golf courses |
| Shopping centers | Trailer and RV parks |
| Industrial buildings | Churches |
| Manufacturing facilities | Schools |
| Health Care and medical buildings | Carwashes |
| Self storage | Bowling alleys |
| Mixed use properties | Restaurants and bars |
| Mobile home parks | Motels and unflagged hotels |
| Hotels (flagged) | Resorts |
| Senior and assisted living facilities | |
| Any property outside of the USA |
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