What is a bridge loan?
A bridge loan is a short-term loan, typically with a term not exceeding one year, used to bridge the gap in funds between selling an old property and purchasing a new one. This type of loan allows homebuyers to efficiently upgrade to a new property before selling their current residence.
Characteristics of bridge loans:
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Short-term Nature: Bridge loans typically have short terms, ranging from a few months to a year.
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High Interest Rates: Due to their short-term and higher risk nature, bridge loans generally carry higher interest rates compared to traditional mortgage loans.
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Quick Access to Funds: Bridge loan approval and funding processes are fast, aiding in expedited home purchases.
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Cash Flow Assistance: Helps address cash flow issues when selling old property and purchasing new ones, enabling buyers to seize market opportunities.
When might you need a bridge loan?
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You have found your ideal new home, but your current residence has not been sold yet.
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There is an unmissable buying opportunity in the market that requires immediate action.
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The seller demands a quick transaction, but your funds are not yet available.
Why Choose Us
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Latest Success Projects
Property Address
Hunters Hill，NSW，2110
Loan Amount
$3,600,000
Approval Time
1 Day
Loan Type
Residential Loan
LVR
55%
Loan Term
12 Mouths
Our esteemed client, Mr. A, is an avid traveler. Recently, he set his sights on a waterfront mansion in Hunters Hill, which he immediately fell in love with and promptly signed a contract, putting down a 10% deposit. To celebrate his new home purchase, he decided to venture into the ocean, immersing himself in the holiday sun and relaxation. However, after the dreamy vacation, Mr. Zhang unexpectedly received a special "Christmas gift" – a notice to complete from the seller's lawyer. Shockingly, he was required to complete the purchase within a mere two weeks! Mr. Zhang instantly felt the thrill and excitement of adventure. But he refused to succumb to the challenge. He swiftly assembled a formidable team – Rongqiao Loans. Our team responded promptly, crafting a unique loan solution for him, swooping in like superheroes, and resolving his home-buying dilemma just in time. At the critical moment, we not only provided fast pre-approval but also swiftly submitted the necessary documents, ensuring Mr. Zhang completed the purchase on schedule before the completion deadline, perfectly avoiding the risk of losing his 10% deposit. This was not just a home purchase; it was an adventure. In this journey filled with unknowns, having a powerful financial partner was like having a guide for Mr. Zhang, leading him from the comfort of vacation to the transformation into a homeowner with dreams fulfilled.
Property Address
East Killara, NSW, 2071
Loan Amount
$3,200,000
Approval Time
1 Day
Loan Type
Residential Loan
LVR
40%
Loan Term
6 Months
/
Property Address
Lindfield, NSW, 2070
Loan Amount
$2,000,000
Approval Time
1 Day
Loan Type
Residential Loan
LVR
45%
Loan Term
6 Months
/
Property Address
Oatley，NSW，2223
Loan Amount
$890,000
Approval Time
3 hours
Loan Type
Residential Loan
LVR
60%
Loan Term
9 Months
/