Close Deals Lightning Fast with Bridge Loan Lenders

Exploring Costs and Considerations

While bridge loans offer significant benefits, it's essential to consider the costs involved. Interest rates can range from 8% to 12%, and lenders may charge additional fees, such as origination fees or closing costs³. It's crucial to weigh these costs against the potential gains from a quick property acquisition. Additionally, having a clear exit strategy is vital to ensure you can repay the loan promptly, either through refinancing or property sale.