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Bridge Financing

 
Bridge financing is a handy option to bridge the time gap until you go for a permanent loan. Platinum financial has a streamlined process enabling us to quickly analyze and react to our clients needs.    

Bridge financing is in essence, a short term loan that is availed until a permanent source of funding is secured. Also known as swing loan or interim financing, it helps the borrower to raise capital against the security of collateral or inventory. Though these types of loans have comparatively higher interest rates and closing costs, it enables the borrower the benefit of the acquisition and the ability to perfect any circumstances that might be deflating the value of the underlying collateral. This process in turn affords the borrower additional benefits in the form of higher LTV obtained through end financing with favorable terms.  

Bridge financing ensures a perfect stop gap deal where the customer can meet the immediate financial obligations using ready money. This type of loan is normally availed during construction works or real estate purchases and is always replaced by a much larger and long standing financing. It is a popular choice in the real estate segment as there is always a time gap between the sale and purchase of any property it provides the borrower more options and flexibility to strike the highest and best overall transaction.  

Platinum financial trust offers bridge loans that extend from 6 months to one year against collateral security or inventory. We treat every transaction independent of the others, and are flexible to our clients needs. For a slightly higher cost basis, bridge financing allows a buyer or deed holder to quickly act on a transaction that may yield many times the funds required to close on the transaction. In this instance the cost of funds is non-existent as the transaction possibly would not have been effectuated without the assistance of a finance partner. Banks usually will make decisions in 30-60 days, where Platinum can make decisions and funding provisions in as little as 14 days. We will work with you to create a custom management and repayment plan to ensure your overall success in the transaction.  

These loans have normally floating interest rates or participation terms, which can be adjusted at maturity. Our loans carry no pre-payment penalties, and have the possibility of and extension period pending proper approvals.

At Platinum financial trust, we extend bridge financing to pay off any existing financial obligation or to raise money for emerging transactions. 

For additional information please contact us at financing@platinumfinancialtrust.com or fill in the Request for Funds form below.

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