Cresskill, New Jersey's David Kushner serves as president of Paradigm Capital Group. Facilitating mortgage transactions, David Kushner of Cresskill and his team of financial experts provide a variety of financial solutions, such as foreclosure workouts, bankruptcy resolutions, and bridge loans.
Commercial bridge loans, short-term real estate financing solutions provided through flexible loan agreements, are used until a sale or refinancing is possible. Bridge loans are not permanent financial solutions, but they enable the purchase of commercial property and completion of significant upgrades or renovations.
Bridge loans may also be used if borrowers are not yet able to secure permanent financing. Commercial bridge loans are commonly used for purchasing or refinancing hotels, office buildings, multifamily housing, raw land, and retail property.
A typical repayment term for a bridge loan is between three months and three years. At that time, the property is either sold or refinanced with permanent financing.
Commercial bridge loans, short-term real estate financing solutions provided through flexible loan agreements, are used until a sale or refinancing is possible. Bridge loans are not permanent financial solutions, but they enable the purchase of commercial property and completion of significant upgrades or renovations.
Bridge loans may also be used if borrowers are not yet able to secure permanent financing. Commercial bridge loans are commonly used for purchasing or refinancing hotels, office buildings, multifamily housing, raw land, and retail property.
A typical repayment term for a bridge loan is between three months and three years. At that time, the property is either sold or refinanced with permanent financing.
