How it works
The property secures the loan with a first-position mortgage. Link lends up to 50% of its appraised value, $50,000 to $1,000,000, for a term of 2 years.
During the term you pay interest only, and the principal is repaid in a single payment at the end: from the sale of the property, a bank refinance or your project’s cash flow.
When it makes sense
- You are selling a property and need the money before the sale closes.
- You found a property at a good price and the seller won’t wait for the bank loan.
- Your build is halfway done and long-term financing hasn’t arrived yet.
- You own a property free and clear and want to use its value without selling it.
When it doesn’t
If you can wait for the bank without losing anything, the bank is cheaper. A bridge loan makes sense when waiting costs you more than the interest: a discounted sale, a stalled build or a lost purchase.
You also need a clear plan to repay it at the end of the term. That is why we review it with you from the start.
What we need to start
For a first review, the property’s registry number (número de finca) or cadastral plan, its approximate value and how much you need are enough. We give you a preliminary answer within 24 business hours.