It is not uncommon for investor builders in the middle of a construction project to find themselves running short of capital to complete what they started. Banks who provide construction financing do not like to hear that, which in turn can become a real problem for an illiquid sponsor. So what can they do?
This is where Equity Bridge Capital is often asked to help. EBC specializes in providing private money bridge financing for all types of investor borrowers stuck with a complex, half built project. These loans may be 1st, 2nd, or even 3rd position loans and typically are 12-24 months in term, which in turn gives borrowers time to not only complete a tough build, but also to either refinance or sell once the build is finished.
The processing and funding of these loans is not easy. Issues pertaining to mechanics liens, completion budgets, finishes, plans ,permits, insurance, senior debt, and values ( to name a few ) are all part what makes these loans extremely challenging. Fortunately for our borrowers, Equity Bridge Capital has a very experienced and diligent team in place to help navigate what often can be a very stressful and difficult process.
Please feel free to contact me regarding any type of bridge loan - and especially those relating to construction. Our loans range from $200,000 - $20,000,000 and we cover all of Northern and Southern California. My contact info is:
Art Gilberg, Broker - Tel: 415-760-2338 / Email: Art@EquityBridge.com