74 Brighton Rd, Glenelg East SA 5045

0412 996 933

Office Hours

Monday - Friday: 9am - 5:30pm
Saturday: Closed
Sunday: Closed

Bridging Loans

What is it?

A bridging loan is a type of short-term financing that can provide quick access to money for a range of purposes, but it is most commonly used in the real estate sector.

It serves as a “bridge” between a financial gap that occurs when you need to pay for something but are waiting for funds to become available from another source, such as the sale of a property or the receipt of a loan with a longer term.

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How does it work?

This finance is secured against the existing property (utilising equity) and the new property being purchased. Usually, bridging loans are short term (normally 6 months) to allow for the sale of the original property and more expensive than other types of loans.

There are alternative ways to finance a change from one home to another, so please talk with us to discuss your options.

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