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Bridge Loan | Top Companies: This Week's Reviews |
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| Services Offered: Bridge Loan |
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| Company Overview: 1st Bridge was founded in 1986 to provide hard money funding to consumers. With time, they changed their focus from hard money lending to bridge loans. They have a very specific target market, but are also one of the most borrower friendly lenders in the New York tri-state area. |
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| Our Review: 1st Bridge seems like a great company. Their web design is well executed, and they offer great customer service and great options for bridge loans. They are a top lender in their industry, which makes us like them even more. |
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| User Review: As a real estate investor, I use bridge loans on a regular basis. I've got to say that 1st bridge is probably one of the best companies I've ever worked with. Their customer service is great, and the loan options they offer are spectacular! |
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| Services Offered: Bridge Loan |
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| Company Overview: Capital Source is a leader in the commercial lending industry. They have three units through which they conduct their business. They were established in 2000 to serve the growing commercial finance market. They operate out of Maryland, but have offices in cities nationwide. |
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| Our Review: Capital Source seems to have it all together. They've got a great website, with tons of information. They also have a well designed customer service section. Overall, they seem to be a great company for bridge loans. |
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| User Review: I wanted to buy an apartment complex, but it was a hot property and I couldn't afford to wait on financing. I contacted Capital Source and had the money I needed within two weeks. I'll definitely be back if I have anymore loan needs. |
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| Services Offered: Bridge Loan |
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| Company Overview: Equity funding has been in business since 1987. They offer direct loans from $500,000 to $10 million for real estate funding. They also offer fast closing; some loans are closed within 24 hours of their inception. |
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| Our Review: Equity Funding is the place to go for fast bridge loans. They've got the know how, and they offer large amounts of money direct, rather than having to deal with a company that lends through someone else. Also, their customer service section is easily accessible. |
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| User Review: I went to Equity Funding to find a bridge loan so that I could rent a business space before it got rented to someone else. They gave me great loan rates, great customer service, and had my money to me in about three days! |
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| Services Offered: Bridge Loan |
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| Company Overview: Madison Realty Capital has over 50 years of experience in commercial lending. Since 2006, they have funded over $500 million in loans, and serviced 125 loans. They have 30 investment professionals who focus on each client individually. |
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| Our Review: Madison Realty Capital is a private lender, which makes them a great option for bridge loans. They offer fast responses and personalized service, which is what everyone wants when it comes to commercial financing. |
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| User Review: I needed to find a loan fast, to buy my new home before my I sold my house. I called Madison Realty Capital and had the money I needed in a week. Great service makes a great company! |
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Other Top Companies for Bridge Loan : |
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Remington Financial Group
Address : 8655 E. Via De Ventura
Suite G-200
Scottsdale, AZ 85258
Phone : 480-905-3239
http://www.rfgarizona.com
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Kennedy Funding, Inc.
Address : Two University Plaza, Suite 402
Hackensack, NJ 07601
Phone : 800-342-8500
http://www.kennedyfunding.com
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Windermere Services
Address : 5424 Sand Point Way NE
Seattle, WA 98105
Phone : 206-527-3801
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Porter Bridge Loan
Address : 2112 First Avenue North
Birmingham, AL 35203
Phone : 205-322-5442
http://www.porterbridgeloan.com
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| How To Select The Best Company For Bridge Loan |
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Bridge Loans can be a risky venture. Many traditional banks don't offer these loans to consumers due to the lack of solidarity in them. If you are a commercial investor, finding the right bridge loan company will be essential to your success. When attempting to find a bridge loan, remember that the interest rate variation is not going to be huge. Most standard bridge loans come with a 12-15% interest rate, and that should be expected upon venturing into the bridge loan field. Bridge loans are not only for commercial use, however. Homeowners often use bridge loans to put a down payment on their new home before the sale of their first home is completed. A bridge loan is basically what it sounds like. It is a loan of various amounts that will cover a short time while approval is being sought for other financial means. To choose the right bridge loan company, you will need to research all the available companies. Many of these companies are small privately owned businesses, therefore more research is required than with a standard loan. To research the companies, you can check with the company's local better business bureau to see if they have any red flags, such as excessive complaints, or lack of response to inquiries. Also, simply reading thoroughly on the company's website will elicit plenty of information about that particular bridge loan company, but should always be taken with a grain of salt. The best way to choose a bridge loan company and check the validity of them is to pick up the phone and call the company, to see if they can answer all your questions satisfactorily. That's really all that matters when choosing a bridge loan, is that the company is a good one to work with. Once you've decided upon a company to obtain your bridge loan from, all you need to do is to fill out the forms, and often can have your money within a matter of days, making a bridge loan a simple thing to obtain.
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