A simple solution to bridge the gap between the home you have and the home you want.
Bridge Loan Services
A bridge loan is a short-term loan that uses the equity from your current home to help you make an offer on a new one, without rushing to sell.
Bridge the Gap Between the Home You Have & the Home You Want
Does a Bridge Loan Make Sense for You?
Is Your Money Tied up in the Equity of Your Current Home?
If you want to move but your money is tied up in the equity of your current house, a bridge loan can help you secure funding to facilitate the transition to a new home — like for a down payment or mortgage payments. Once your current home sells, you can use the proceeds to pay the bridge loan back.
Do You Need to Move Within a Specific Timeframe?
If you're relocating for a new job or other reason, a bridge loan can afford you the freedom to move on your own terms and secure a new house when you need to, without having to wait for your old home to sell.
Does Your Home Require Renovations Or Other Work?
Whether you're using Compass Concierge to increase your home's value, or are making improvements on your own, it may be easier to have construction work done when you're out of the house. A bridge loan can help you move faster so you're out of the house while those improvements are being completed.
Talk with Scott before you bridge the gap between homes.
Scott Beenk | NV License: BS.145389 | CA DRE: 02242163
Lake Tahoe Real Estate Expert
scottbeenk@compass.com
M: (775) 745-7000
How to Find a Lender Offering Bridge Loans?
Bridge financing is offered by a limited set of lenders, and the right fit depends on your equity, timeline, and the states involved. Scott can help you identify bridge-loan lenders licensed for your situation and coordinate the financing timeline with your sale and purchase.
Call or Text (775) 745-7000
Information regarding lenders which offer short-term Bridge Loan financing is provided for informational purposes only and does not constitute an endorsement of the particular lenders referenced. Compass cannot guarantee that these institutions will be able to assist and does not assume any responsibility as to the performance of services to be provided by these institutions. There are no requirements that you participate in the Compass Bridge Loan Services or obtain a loan from these providers to participate in any other Compass programs (such as Compass Concierge). Speak to your Bridge Loan lender about all the costs you may be responsible for in connection with your Bridge Loan.