Porter Capital has partnered with One Banc One (OBO) to offer this new service to our clients. Bridge loans are a type of short-term financing to assist entrepreneurs or businesses until permanent financing can be obtained. OBO bridge loans are asset-backed by real estate and can be the ideal solution for time-sensitive transactions when a quick cash injection is required but cannot be obtained with traditional financing.
It’s About Time
Time is always an issue with bridge loans. Because typically if you’re interested in a bridge loan, you need financing and you need it now. We understand your urgency and we’ll do everything possible to provide the funding you need within a matter of days after the loan-related paperwork has been received.
A Financial Solution
Bridge loans offer financial solutions for situations not addressed by conventional lenders. These include, but are not limited to:
- Acquisitions and refinancing
- Borrower distress
- Tax liens and judgment payoffs
- Bank workouts
- Rehabilitation, renovation, and conversions
- Partner disputes and restructurings