Bridge Financing
If you have a firm offer on your home, and you already have an accepted offer on another property, but the closing dates don't line up, and you need to access funds from the sale of your property, you need bridge financing. We can help you with that.
Product Highlights
No appraisals
No credit checks
No income verification
No payments
No upfront costs
Documents Required
Title of existing home
Current mortgage statement
Unconditional sale agreement
Application and Government ID
Purchase docs (new home)
Mortgage approval (new home)
The Process
Sign promissory note
Sign direction of funds
Sign application and declaration
Appointment with lawyer/notary
Pricing Details
We're happy to provide bridge financing between $50,000 and $250,000.
We charge a 2-5% setup fee with a minimum charge of $1000.
We charge 1% of the total amount outstanding per month maximum 45 days.
We will outline the total costs in the loan agreement.
The funds from the sale of your property will be directed to us by the lawyer/notary.
Loans of $100,000+ will be registered on title of your existing property.
If the sale of your existing property falls through, all loans will be registered on title.