Chicago bridge loans
The deal is under contract. The takeout loan is not. A bridge loan buys the weeks (or months) between those two facts so you do not lose the property.
Who this is for
- You need to close on a purchase before a bank refinance, sale of another asset, or partnership capital shows up.
- You are buying a performing or lightly distressed building and will recapitalize once you control it.
- You already own the property and need a short-term note while you reposition or list it.
How it works
Step 1
Show the exit
We underwrite the property and the way out — refinance, sale, or recap. A bridge with no exit is just a short loan that comes due. Send the contract, rent roll if there is one, and the takeout plan.
Step 2
Close on the asset, not the bank’s calendar
Reviews are typically 24–48 hours. We close in 3–7 days when title is clear. That is the point of the product: you do not wait 30–60 days for a conventional approval on an investment property.
Step 3
Pay interest while you finish the takeout
Terms are usually 6–24 months, interest-only. When the refinance or sale funds, you pay us off. If the exit slips, call before the maturity — we would rather extend a good file than watch a deal get squeezed.
Typical terms
These are examples we already publish on the site. Your rate, points, and LTV depend on the property, your experience, and the exit.
Rates
Typically 9–14%
Origination
Typically 2–4 points
LTV
Usually 65–75% of current value
Term
6–24 months
Payments
Interest-only
Close
3–7 days after a complete file
Investment-property lending only. Not all applicants qualify. Closings depend on title, inspections, and complete documents.