Sunlite Mortgage offers bridge financing designed specifically for office property buyers who have yet to secure long-term financing or require the flexibility to strategize and improve their office assets. A bridge loan can provide the necessary funds to cover renovation costs upfront for property owners who wish to perform significant renovations or improvements before qualifying for traditional financing. Our bridge loan terms typically range from three months to three years, feature floating interest rates, and allow some form of early prepayment.
Borrowers opt for our bridge financing solution temporarily until they secure standard financing or consider options such as selling the property, restructuring ownership, or enhancing their tenant roster. This solution gives them the necessary time and flexibility to plot a better future for their office assets.
In addition to providing short-term financing, a bridge loan can be utilized opportunistically to implement operational strategies. For example, borrowers can use the loan to negotiate new leases or secure new tenants, thereby improving the property’s appeal and positioning it more favourably for standard financing.
Sunlite Mortgage considers the borrower’s strong operational history, net worth, and liquidity when considering bridge financing for office properties. These factors are crucial in assessing the borrower’s ability to manage the loan and ensure a successful transition to standard financing.
At Sunlite Mortgage, we understand the unique needs of office property owners and offer flexible bridge financing solutions to help them achieve their goals. Our experienced advisors can assist you in assessing your options and determining the best course of action for financing your office property. Contact us today to explore how our bridge loans can provide the necessary funding and flexibility for your office asset endeavours.
