how does a bridge loan work? Do banks and credit unions both provide them?

Bridge loans are primary used for commercial financing and is intended to obtain a quick loan to purchase a certain property but can be replaced with a more permanent loan with better terms in the near future. Most permanent commercial lending takes several months to fund, and the sellers of these commercial properties don't want to wait 3 to 6 months for a closing, so the buyer gets a bridge loan, which is easier to get, all the while, working on his more permanent financing. .. Most larger banks do offer commercial financing, however credit unions typically do not. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com