Bridge Loans
RTC’s Bridge Program provides lending on assets that are in transition with less documentation than traditional financing options.
"When I bought the fourplex in San Francisco last year, I got a Bridge Loan from Red Tower Capital. The property was substantially damaged and mostly unrentable. Only one of the tenants was paying." - Trisha P., Real Estate Investor
What Is a Bridge Loan?
A bridge loan is a short-term loan used until the borrower secures permanent financing. It affords the borrower time to take care of an existing problem until the property can be restored to a more stable, more valuable, state.
Usually this means fixing physical or legal problems with the property and/or improving the income so it can be refinanced with more conventional sources or sold retail.
Situations that might require a Bridge Loan:
- Property is damaged.
- Property is not producing income or enough income to debt service.
- Borrower doesn't have enough time to procure a bank loan or can't qualify owing to credit history.
- Borrower or property has legal problems.
- Borrower "got a good deal" on the property purchase recently and needs the property to "season" before it can be sold for retail price or before a bank will give it market value for a loan.
Do not hesitate to reach out to discuss your loan scenario and get a quote!
Expertise You Can Trust
Since 2011, Red Tower Capital has been helping borrowers achieve their dreams.
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What They Say About Us:
Having known Red Tower Capital for over 10 years, I can safely say, they are the most reliable private lender in the market.
Red Tower Capital solved my financing problem. They are great! Thank you!
Although I also invest in stocks, real estate and gold, I keep some of my funds in Red Tower's mortgage fund to provide me consistent income.
Red Tower Capital provided multiple loans to me over the years. They are easy to work with and very responsive. Thank you!
We have placed a handful of loans successfully with the Red Tower team over the years. Thank you for funding our deals!
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Borrower
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Mortgage Broker
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Private Investor
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Borrower
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Mortgage Broker
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