2828 Coral Way Ste 470 Miami, FL 33145

Bridge Loan

Bridge Loan

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What is a Bridge Loan?

A bridge loan is a short-term loan designed to provide financing during a transitionary period, such as moving from one house to another. Homeowners faced with sudden transitions, such as having to relocate for work, might prefer a bridge loan to help with the cost of buying a new home.

Bridge loans are secured by your current home as collateral, just like mortgages, home equity loans and HELOCs. Bridge loans aren’t a substitute for a mortgage, however. Bridge loans are short-term, designed to be repaid within six months to three years.

How does a bridge loan work?

A tool typically used by sellers in a bind, bridge loans vary widely in their terms, costs and conditions. Some are structured so they completely pay off the old home’s first mortgage at the bridge loan’s closing, while others pile the new debt on top of the old.

For more information, please fill out and send one of the information request forms we provide. or call me at

Direct: 786-262-6486  or 305-646-0402  ext 114

There is no cost or obligation to you

CONTACT INFO

2828 Coral Way Ste 470
Miami, FL 33145

Great Florida Lending Inc.

NMLS Identifier:314305
Florida License: MBR216
Licensed in Florida, Georgia and Texas

Juan Luis Rodriguez-Kohly

NMLS Identifier: 257898
Florida License: LO 5069
Regulated in Florida by the Florida Office of Financial Regulation
Florida Licensed Real Estate Salesperson Lic 0635518