What is a bridge loan?

A bridge loan is a short-term loan used for commercial property needs, providing immediate cash flow until permanent financing is secured or an existing obligation is removed.

What is the Loan Checklist?

The Loan Checklist is a comprehensive list ensuring that all due diligence and closing requirements have been met.

What is a Loan Agreement?

The Loan Agreement is the written contract between the Borrower and Lender, detailing terms such as Loan Amount, Interest Rate, Term, and Payment schedules.

What is a Promissory Note?

The Promissory Note is a written promise by the Borrower to repay the Loan, detailing specific terms.

A Guaranty refers to the personal wealth of each Guarantor backing the repayment of the loan.

What is an Unconditional Guaranty of Payment & Performance?

This guaranty involves a third party agreeing to fulfill the Borrower's obligations if the Borrower defaults.

What is a Mortgage and Security Agreement?

This contract creates operating covenants securing the performance of the Loan.

What is a Pledge Agreement?

A Pledge Agreement allows the Borrower to use additional collateral to secure the loan.

What is a Collateral Assignment of Leases?

This agreement allows the Lender rights to collect rents if the Borrower defaults.

What is a Borrower's Counsel Opinion Letter?

A legal opinion confirming that the loan documents are valid and enforceable.

What is a Deed of Trust (or Mortgage)?

This document secures repayment of the loan with real estate.

What is an Owner's Affidavit?

A sworn document asserting there are no other liens on the real estate.

What is an Assignment of Rents?

This document allows the Lender to collect rents if the Borrower defaults.

A document confirming that leases are valid and neither party is in default.

What is a Title Commitment?

This insurance confirms the Borrower's legal title and the validity of the lien.

Why would a Borrower pay higher interest rates than permanent financing?

Borrowers often weigh the cost of renting capital against the possibility of significant growth in their business profits and enterprise value.

PawnShopz | Discover pawn shops in Wisconsin, Watertown

pawn shops in Wisconsin, Watertown

Brookfield Gold Buyers

phone language Gold Buying

Opens in 2 hours ⌁ 33.6km

J. Meredith Jewelers

phone language Fine Jewelry

Opens in 2 hours ⌁ 15.6km

Prescient Capital Management

phone language short-term loans

Opens in 1 hour ⌁ 12.9km

17 years in business

Capital City Coins & Jewelry

phone language Coins

Opens in 1 hour ⌁ 63.4km

Capital City Coins & Jewelry offers ..

Barnes Diamonds & Designs

phone language fine jewelry

Opens in 2 hours ⌁ 7.7km

Barnes Diamonds & Designs provides t..

Watertown Gold

phone language Gold Buying

Opens in 2 hours ⌁ 16.7km

3 years in business

Douglas Jeweler

phone language jewelry cleaning

Opens in 2 hours ⌁ 26.7km

15 years in business

Loading related articles...