Bridge Loans &
Hard Money Financing
Don’t miss out on business opportunities bridge loans provide fast short-term financing.
Don’t waste time waiting on a loan from traditional banks when you can get quick funding.
As a business owner, you will often be required to make transactions that need immediate funding. Instead of going through a lengthy loan process, why not let Ashpry Capital connect you with lenders who will bankroll your projects? We offer a streamlined approval process, so you get the cash you need in as little as 24 hours.
Fast-tracked Transactions
Don’t miss out on quick, profitable deals that will boost your business’s profitability. Get funded to cover immediate expenses and unexpected charges.
Easier Loan Application
With Ashpry Capital, not only is the application process fast, but it is also hassle-free. And with bridge financing, the documentation process is very light.
Favorable Interest Rates
Our lenders offer lower rates and better terms on bridge and hard money loans. Low rates mean easy repayment, which in turn helps you get to profitability quicker.
01. What Is a Bridge/Hard Money Loan
02. How Do Bridge / Hard Money Loans Work
03. FAQ’s
What is a Bridge Loan/Hard Money Financing?
Bridge loans are short-term loans you can use to get swift financing for your business. Whether you need to invest in real estate right away or you need to purchase essential equipment, bridge loans can help cover the expenses. With this loan option, you don’t have to wait months to get approval. Hence, it is a favorite of “fix and flip” investors as it gives them access to fast-tracked transactions for maximized profitability.
Like Bridge loans, hard money financing is a fast short-term loan type that provides business owners with funding to develop their business. The only significant difference is hard assets are used as collateral. This could be in the form of real estate, contracts, or equipment. For example, if you have a piece of real estate and you need cash for a project, one of our lenders can offer you a percentage of the property’s value as a loan.
How Do Bridge Loans/ Hard Money Financing Work?
The application for bridge and hard money loans at Ashpry Capital requires a few simple steps:
1. Online Application
To start with, you will have to apply for the loan. Here, you will be required to provide basic information about your business as well as your needs. This process is quick and easy and sets you on the path to finding a lender.
2. Consultation
At no cost, you will be connected with an experienced capital specialist. This specialist will break down the loan options available to you and recommend the best one for your needs.
3. Lender Selection
After you’ve decided what loan program is well-suited for you, the next step is finding a lender to finance your plan. Our team will find matching lenders and proceed to work on securing their interest in the deal.
4. Underwriting, Approval & Funding
This 3-in-1 step begins with approval and loan documentation. For bridge and hard money loans, this process is quick. And after the underwriting is done, you can receive your funds and get your project started.
5. Continuous Support
We don’t just stop at funding. We have a team of capital specialists at your beck and call. If sometime in the future, you begin to consider a next step or expansion, the brokers are there to guide you.
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Frequently Asked Questions
Can I get a Bridge and Hard Money Loan without any money?
Bridge loans usually require a down payment, while hard money loans are secured on an asset. Whatever your budget or asset value is, we at Ashpry Capital will provide you with a loan program well-suited to your needs.
Do I need perfect credit to get a Bridge or Hard Money Loan?
No, you do not need a high credit score to secure a hard money loan. What you might need is proof of your business’s ownership of collateral. Contact us today and let us get you started with the process.
What can I use a Bridge or Hard Money Loan for?
You can use a bridge or hard money loan for any business expense. You can use it for construction, real estate, equipment, or working capital, according to your business’s needs. As long as it’s a cost of doing business, you can apply funds to that cost, either capital investment or expense.
How long does it take to get a Bridge Loan?
Depending on the lender, the approval and funding process can be done between 1 to 7 days. From our vast network of lenders, you can get a lender that will approve your application in 24 hours so that you get the cash the next day.