Jim Potts

Synergy One Lending

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What is a Bridge Loan and How Does it Work?

May 18, 2023 by Jim Potts

A bridge loan, also known as interim financing, is a short-term loan used to provide temporary financing until a borrower secures long-term financing or sells an asset. Bridge loans are commonly used in real estate transactions, such as when a buyer needs to close on a new home before selling their current home.

Filed Under: Loan Tips Reno Tagged With: Bridge Loans, Mortgage

Bridge Loans: What You Need To Know

March 15, 2023 by Jim Potts

Are you in the process of selling your home? You probably want to buy a new one right now to ensure you have another house to move into, but what happens if you do not have the cash to buy a home right now? You might need to cash from your current home before you can purchase your next home, but can you really wait to sell your house before buying another one? A bridge loan can help you fix this issue. What is a bridge loan, and how does it work?

Filed Under: Loan Tips Reno Tagged With: Bridge Loans, Mortgage

5 Ways Bridge Loans Help Real Estate Investors Increase Profits

February 12, 2019 by Jim Potts

Bridge loans, which are also commonly referred to as interim financing, gap financing or swing loans, help a motivated home buyer to secure financing before their home or investment property sells. Lenders can usually modify these flexible loans to accommodate a person's unique needs.

Filed Under: Real Estate Tagged With: Bridge Loans, Investments, Real Estate

Jim Potts

Jim Potts


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