Short-Term Bridge Financing
Short-Term Bridge Financing1
Need financing to bridge a short-term funding need?
When you find your dream home, discover a commercial property investment or make improvements to an existing property, City National can provide solutions for your short-term financing requirements.
A bridge loan is a short-term real estate loan that enables you to sell your existing home, improve the property or find a new tenant while providing liquidity to bridge the period until you obtain permanent financing. A short-term bridge loan can help you purchase a new home before your existing home sells by using the equity in your current home as the down payment for your new home. Once you sell your existing home, the bridge loan is repaid in full and we can arrange long-term financing.
A short-term bridge loan can also be used to facilitate the completion of a 1031 (or Like Kind) Exchange, which allows an investor to sell a property, reinvest the proceeds in a new property and defer capital gains taxes2 which can facilitate portfolio growth and leverage your return on investment.
Our bankers can tailor a financing structure to specifically meet your requirements, with interest rate alternatives and competitive amortization schedules, while assisting you in every step of this process.
- All loans, lines of credit, credit cards and other types of financing are subject to credit approval. Residential mortgages and home equity products are not available in all states. Ask us for more information about the states City National Bank lends in. Aircraft loans are offered through First American Equipment Finance, a subsidiary of City National Bank.
- City National Bank its affiliates and subsidiaries, as a matter of policy, does not give tax, accounting, regulatory or legal advice. Rules in the areas of law, tax, and accounting are subject to change and open to varying interpretations. You should consult with your other advisors on the tax, accounting and legal implications of actions you may take based on any strategies presented taking into account your own particular circumstances.