Get Real Estate Closed Fast with Top Bridge Lenders
Cost Considerations and Financial Implications
While bridge loans offer speed and convenience, they often come with higher interest rates and fees compared to traditional loans. Rates can range from 8% to 12%, with additional origination fees ranging from 1.5% to 3% of the loan amount2. It's essential to weigh these costs against the potential benefits, such as avoiding missed opportunities in a hot market or preventing the need for temporary housing.