Based in Pasadena, California, Cervenka & Lukes Capital Partners provides funding for residential and commercial real estate in major metropolitan areas across the country. Dedicated to providing quick access to capital, Cervenka & Lukes maintains a bridge loan program that offers flexibility to clients.
A bridge loan, which serves as a bridge between a home that is being bought and one that is being sold, is beneficial for borrowers because of the loan's ability to save time. Bridge loans typically have a rapid turnover rate and a short-term structure, which makes them great options for borrowers who need money quickly for a down payment on a new home. Instead of waiting several months for a traditional loan, borrowers can quickly secure the money they need.
Most bridge loans also offer significantly more flexibility than traditional loans. Borrowers often can choose from a variety of repayment options.
This added flexibility improves the probability that borrowers will make their payments on time without falling into financial hardship. As a result, bridge loans can help borrowers improve their credit ratings and qualify for long-term loans in the future.
