Bridging finance is a short-term loan that is used as a way to provide funding for the purchase of a new property while the borrower awaits the sale of an existing property. Unless all the stars are in perfect alignment Madison Bumgarner Youth Jersey , it's tricky to coordinate the sale of one property and the purchase of another property so that the transactions occur simultaneously.

Bridging finance or a "bridge loan" as it is more commonly referred to, makes such transactions possible. They keep the borrower from ending up in a dire financial situation as can happen when forced to pay two mortgages at the same time. Bridge loans can be used either for business or for personal reasons.

Primarily short term in nature, the process for obtaining a bridge loan is similar to that of most types of loans. Most importantly, it's advisable to work with a lender that has experience with this type of loan. Also, since the need for a bridge loan often arises with little advance notice Brandon Crawford Youth Jersey , being pre-approved for such a loan is a good idea.

Bridge loans typically are structured as interest only loans meaning that the borrower pays only the interest on the loan each month. The borrower continues with this repayment plan until the property the loan is being used for is sold. When the sale finally does occur, the proceeds of that sale are used to repay the principal. The principal payment typically is in the form of a one-time, lump-sum payment.

The lender does not need to worry too much about default because the borrower is required to put up collateral to secure the loan. This can be in the form of another piece of property, business machinery or inventory on hand. But rest assured the lender will still thoroughly review the credit history of the applicant, the business and any partners or others with an ownership interest to assess the level of risk it is undertaking.

The interest rate assigned to the bridge loan is based on several factors: the anticipated risk associated with the bridge loan Buster Posey Youth Jersey , the prevailing interest rates and a premium added by the lender. Since bridge loans are short-term, generally not longer than two years, the lender has only a short time to make money on the deal. The profit is derived from the interest rate.

Expect to pay a higher rate of interest for a bridge loan. And remember, the monthly payments on a bridge loan generally will be for interest only. Expect to pay off the bridge loan in full, usually as a one time balloon payment Stephen Vogt Youth Jersey , as soon as the property is sold.

In the event that the property is not sold before the bridge loan matures, it can usually be converted to a conventional loan without paying a penalty. But it's always a good idea to double check this before assuming.

Need to source the best Bridging Finance available quickly, try independent commercial brokers Commercial Lifeline, specialists in Commercial Bridging Finance and Commercial Mortgages.

Download our free Commercial Mortgage guides by visiting our Commercial Mortgage Guide page.

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On January 2011, the government of the United States of America passed an Act called the Zadroga Act, issuing provisions for relief to all those rescuers and victims whose life has been jeopardized during the devastating World Trade Center attack of 911.

Provisions under the Zadroga law included claims for health and financial care for victims who are currently suffering from disastrous and life-threatening diseases such as Upper or Lower Airway Disease, Acid Reflux Disease, chronic bronchitis Evan Longoria Youth Jersey , emphysema or chronic obstructive pulmonary disease, occupational asthma (WTC Cough), Sarcoidosis, Asbestosis, Mesothelioma Cancer etc.

Basically these diseases have mostly been detected amongst firefighter Brandon Belt Youth Jersey , police officer, emergency service worker, volunteer, construction worker, clean up worker Kevin Pillar Youth Jersey , city employees etc. who participated in the relief and rescue operations of the 911 attack. Some victims also surfaced amongst the residents, employees and students present at and around the attack site, at the time of the fateful incident.

While the provisions has been made for all, but since the victims to claim the compensation are so many, but obviously the government requires each victim to make a legal case out of his demand for compensation. Here Barry Bonds Youth Jersey , the claimant needs to furnish adequate proof that he has been mentally and physically disturbed, inconvenienced or troubled as a result of the cruel attack and its devastating after-effects.

This is where the role of an experienced and practiced Zadroga attorney comes in. Since a common man is obviously not aware and well-versed with the laws of the state, the loop holes and complications involved, it is always advisable to hire the services of a dependable and learned Zadroga attorney to lead the way while requesting for a compensation.

So much caution is especially because a lot is at stake for a victim who applies for a claim. More often than not, such a victim is critically ill with a disease he picked up thanks to his 911 rescue and relief activities. Most of his savings have already been spent on his medical care as a result and he is obviously not in a state to keep up with a job that provides him with a regular and supportive income. This state thus makes the victim in dire need for the Zadroga compensation as he naturally cannot afford any slip-up and delays in receiving the same.

Only a good Zadroga attorney can make this happen. He can not only give the victim the much required guidance Willie Mays Youth Jersey , confidence, assurance and physiological support, but also the promise to charge him only if he makes his client win the case and not otherwise.

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