A real estate developer has utilized a bridge loan to finance the purchase and renovation of a property. However, the renovation work extends beyond the anticipated duration, or the sale of the renovated property is delayed due to market conditions. With the existing bridge loan nearing its end, the developer finds themselves in a bind, unable to pay off the loan through the sale of the property or secure long-term financing.
In diesem Fall könnte eine Refinanzierung des Überbrückungsdarlehens sinnvoll sein. Der Kreditgeber bietet eine „Re-bridge“ an, also eine neue Überbrückungsfinanzierung, die das bestehende Darlehen ablöst und dem Entwickler mehr Zeit gibt, um die Renovierung abzuschließen, die Immobilie zu veräußern oder eine andere Finanzierung zu arrangieren. Diese Art der Refinanzierung kann eine schnelle Lösung bieten, um teure Standardgebühren zu vermeiden und dem Darlehensnehmer Flexibilität zu verschaffen
At Paragon, we believe that a bridging loan and interim financing should either generate profits or savings for you. The main advantages of a bridging loan over traditional financing options are quick processing, quick response, settlement, the ability to make individual decisions, and flexibility.
Paragon Invest makes loan decisions within 1-2 days after receiving your inquiry and aims to disburse funds within 2 weeks from application and submission of all documents. This rapid processing ensures that you do not miss important and favorable opportunities.
Paragon Invest primarily accepts first-rank mortgages as security for interim financing. Second-rank mortgages may be accepted exceptionally at low LTV or with additional guarantees.
Furthermore, we consider all types of credit histories, whether perfect or not. Our focus is on the quality and value of the property serving as security and the repayment plan.
There are three methods for Initiating your application:
1. Use our inquiry form for a quick response
2. Send us your inquiry by email
3. Call us and get expert advice from our colleagues or leave a callback request
Once we receive your fully completed inquiry, we will evaluate it according to our standards. If the criteria of your inquiry meet our requirements, we will send you a preliminary ocer. We can usually submit this preliminary ocer within 24 hours.
We will commission an appraiser from our selected panel to assess the value of all properties used as security for the loan. The costs will be agreed upon with you. Our appraisals are usually completed within one week.
You will receive a checklist of all requirements from Paragon Invest GmbH. If the appraisal meets our standards and the conditions previously agreed for the loan, and confirms the estimated value of the security, we will notify you and proceed with collecting the necessary documents.
Once Paragon has received and reviewed all necessary responses and supporting documents, the loan contract and notary appointment can be prepared.
There are three methods for Initiating your application:
1. Use our inquiry form for a quick response
2. Send us your inquiry by email
3. Call us and get expert advice from our colleagues or leave a callback request
Once we receive your fully completed inquiry, we will evaluate it according to our standards. If the criteria of your inquiry meet our requirements, we will send you a preliminary ocer. We can usually submit this preliminary ocer within 24 hours.
We will commission an appraiser from our selected panel to assess the value of all properties used as security for the loan. The costs will be agreed upon with you. Our appraisals are usually completed within one week.
You will receive a checklist of all requirements from Paragon Invest GmbH. If the appraisal meets our standards and the conditions previously agreed for the loan, and confirms the estimated value of the security, we will notify you and proceed with collecting the necessary documents.
Once Paragon has received and reviewed all necessary responses and supporting documents, the loan contract and notary appointment can be prepared.
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