Bridge Loans for Property Development Whitehall Capital .pdf
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Property Development Bridge Loans
A classic example would be developers who use their own capital and/or bank credit lines to
acquire a building for a redevelopment project, for example, a change of use from offices to
luxury residential apartments.
These developers might not be able to secure additional financing for the development project
itself from a bank loan. To meet this need, a real estate bridge loan company might extend a
short-term loan, backed by a first mortgage on the acquired building, to provide the funds for
the redevelopment scheduled for completion in one year’s time.
Upon maturity of the bridge loan the developers would repay in full, either through the proceeds
of selling the renovated building, or through securing longer term financing from a bank using
the now more valuable renovated building as collateral.
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