how long does it take to get a bridge loan

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What is an open bridge loan? An open bridge loan does not have an established exit strategy, nor a specific repayment date. Because they are riskier for both lenders and borrowers, they have higher interest rates to match. What is a closed bridge loan? A closed bridge loan has an established exit strategy and a specific repayment date.

For the past 25 years, serious efforts have been underway to design and eventually build a new bridge along. it will get any cheaper if we just wait. Like others, I am sensitive to those legitimate.

RELATED: How long does it take to get a bridge loan? Rates and Fees for Bridge Loans Lenders providing bridge loans are often hard money lenders. Some conventional lenders such banks and credit unions provide bridge loans also. Hard money lender bridge loan rates are commonly in the range of 8-10%.

 · Hey i want to take out a 1 million dollar loan is that possible.? i want to take out this loan to start a businesses i want to start a wedding reception so.. will the bank loan me this kind of money?? 10 points gos to the best answer

Since a bridge loan is intended to "bridge" your business across a small amount of time, it’s easier to get. A long-term loan can take significant time for approval. By the time your application is approved, you’re left without the cash or funding you need. A bridge loan is fast-acting. The borrowed amounts are often lower than a long-term loan.

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