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Everything You Need to Know About a Commercial Bridge Loan

commercial broker in Melbourne

Buying and selling commercial properties can include considering various types of loans. We’re here to tell you everything you need to know about Commercial Bridge Loans and why such a loan might be the right fit for you.

What is a Commercial Bridge Loan?

A commercial bridge loan is designed to bridge the gap between the money you require to buy a new commercial property and the money you will receive once your current commercial property is sold.

You would only take out a commercial bridge loan if you are confident that future funding will come in soon. It is essentially for those investors who have yet to sell one property but are in the market to buy another one and require funding. Such loans are used in real estate when there is a need for faster, short-term funding.

In Which Situations is a Commercial Bridge Loan Commonly Taken?

Bridge loans are widespread in commercial real estate. It can be taken for a property that is still under construction or one that is not occupied at the time being, or in the case that a borrower is hoping to improve their credit before taking out a larger, long-term loan.

Are Commercial Bridge Loans Risky?

Any kind of loan taken from a third party comes with its own set of risks. A commercial bridge loan is actually less risky than other kinds of loans. This is because the loan is smaller compared to different kinds of commercial loans. It is also a short-term loan that has to be paid back sooner down the road. Another factor that reduces the risk is the assurance you have of future funding coming in.

You should take such a loan from a reputable and experienced commercial broker to mitigate any other risks from taking out a commercial bridge loan.

Which Reliable Institute Can You Get a Commercial Bridge Loan from?

If you are in search of an institution to take out a commercial bridge loan from, Opulent Finance is the best commercial broker in Melbourne. Our team of experienced finance and mortgage brokers is perfectly placed to help you finance options that suit your particular circumstances. No matter the kind of loan you are after, we have something that will suit your needs.

Whether you are searching for bridge loans, commercial loans, or any other kind of financial loan, OpulentFinance has got you covered.

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Siraj Ahmed
Siraj Ahmed
2020-11-18
Verified review
Excellent service. Got us a great loan option and also worked with the bank to get the loan approved during the heights of COVID.
Dhruv Satra
Dhruv Satra
2020-11-18
Verified review
Malaka Ekanayake
Malaka Ekanayake
2020-11-10
Verified review
We have had a very pleasant experience working with Opulent Finance. We did not have that much experience with house loans as we were first home buyers but working with Opulent  Finance team specially with Ishara, made that experience stress free one. She helped us secure an incredibly competitive interest rate and offered her guidance so we can take advantage of the future interest rate drop. Thank you Ishara, Dayan and team for your incredible support and we have no hesitation what so ever in recommending Opulent Finance for your financial needs
Uma Gunaratne
Uma Gunaratne
2020-11-04
Verified review
Ishara is highly knowledgeable and if you are a first home buyer and new to the intricacies of all that home loans entail, she will really take you under her wing and impart her knowledge and experience and treat you as one of her own. She is also extremely patient but will also be very truthful and upfront in situations which is honestly what you need. She did a very complicated loan for us, and was so incredible efficient and organised with all the paperwork that was required. Not only that, she helped us secure an incredibly competitive interest rate! Ishara has probably spent hours and hours explaining to me details and giving me really good guidance through this momentous period in life! During the cooling off period and settlement, she was constantly chasing up our loan and honestly took a personal interest in the outcome. Our solicitor was also very happy about working with Ishara as she was following the entire process, was always up to date and very easy to work with. Considering that our entire process happened during the covid-19 lock-down and work from home environment, we have nothing but good things to say about how professional Ishara was as she didn't let a single thing slip. We are so glad that we have both Ishara and Dayan in our corner. We will definitely be using them for all future financing needs. Thank you Ishara, Dayan and team!
Harsha Ill
Harsha Ill
2020-10-11
Verified review
Opulent Finance gave professional advice for my unique home loan requirement. They respond quickly with the proper information. The process was smooth and I felt comfortable to deal with the team. The team is friendly and professional to deal with. Highly recommended for any one looking for finance.
S P
S P
2020-09-22
Verified review
I have been dealing with Ishara at Opulent Finance for over 6 months now and she has been faultless. She has helped me secure a loan pre-approval in no time and assisted me with my property purchases. I could not recommend Ishara highly enough.
Afshin Koohestani
Afshin Koohestani
2020-09-22
Verified review
Good service and offers.
Janaka Kumara
Janaka Kumara
2020-08-22
Verified review
A big shout out to Dayan and his team for the seamless service provided during the refinancing process. Thoroughly professional team that pays attention to every detail and has been extremely transparent throughout the process. A team that always has the best interest of clients in mind and makes all efforts to provide the right advise and outcomes to the clients. Highly recommended!
Rakesh Mistry
Rakesh Mistry
2020-08-19
Verified review
They called me back with solution
Indra Jaya
Indra Jaya
2020-08-12
Verified review