Bridge loan

You take possession of the new property before the old one settles. A bridge loan advances the down payment across the gap between the two dates.

A bridge loan is temporary financing that covers the gap between taking possession of a new property and receiving the proceeds from the sale of the old one. This service is for owners whose two closing dates do not line up.

It repays itself from the sale proceeds at the notary. One condition governs everything else: the sale must be firm, conditions lifted, or traditional lenders won’t advance anything.

Arrange my bridge loan with Mathieu

I coordinate both transactions and the gap between them

A bridge loan is simple in principle and demanding on dates. I first confirm the sale is firm, then establish exactly how many days separate the two closings and how much has to be advanced. That’s what determines the cost.

An overlapping purchase and sale means two lenders, potentially two notaries, and dates that have to interlock. I make the whole thing hold together: the purchase financing, the bridge covering the gap, repayment at the sale. And I plan with you for the sale falling through anyway, because a transaction can collapse even after conditions are lifted.

How it works

We confirm the sale is firm
Conditions lifted, buyer committed. That’s the starting point without which a traditional lender won’t move.
I establish the gap and the amount
The number of days between the two closings and the sum to advance for the purchase down payment.
I price the full cost
Daily interest, setup fees, and legal costs, so you see the total before committing.
The notary handles repayment
At the sale, the proceeds repay the bridge directly. Nothing is required from you.

A firm sale, and what each day of gap costs

No firm sale, no traditional bridge

Almost every lender requires the buyer’s conditions to be lifted before advancing funds. Without a concluded sale, this means private financing at a notably higher cost.

Every day of gap is paid for

Interest accrues daily on the advanced amount. Over a few days the cost stays modest; over two months it becomes a real budget item. Moving the two closing dates closer is the simplest way to cut the bill, and it’s negotiable.

What it costs you

For the mortgage itself, the lender pays me. The bridge loan has a direct cost: interest calculated daily on the advanced amount, at a rate above a mortgage, plus setup and legal fees. What it costs, in detail

Coordinate a sale and a purchase

Selling to buy means knowing what the sale will leave and when those funds become available.

Prepare a purchase fileThe records and checks needed when a purchase depends on a sale in progress.Calculating a mortgage penaltyIf you’re leaving your loan before maturity, price the penalty before setting your dates.

Frequently asked questions

Can I get a bridge loan if my property has not sold yet?

Rarely from traditional lenders. Almost all require a firm sale with conditions lifted. Without a concluded sale, this usually means private financing at a notably higher cost. It is the constraint people most often discover too late.

What does a bridge loan cost?

Interest accrues daily on the advanced amount at a rate above a mortgage, on top of setup and legal fees. Over a few days the cost stays modest; over two months it becomes a real budget item.

How long can a bridge loan cover?

Generally a few days to a few months depending on the lender. The longer the gap, the tighter the conditions. If your two closing dates are months apart, we look at solutions other than a bridge.

What happens if my sale falls through?

The bridge loan remains due, without its intended repayment source. That is exactly why lenders require a firm sale before advancing funds. We plan for the scenario anyway, because a transaction can collapse even after conditions are lifted.

Does the bridge loan count against my borrowing capacity?

It is temporary, but the lender verifies you can carry both properties during the overlap. The mortgage balance on the property being sold, taxes, and costs for both buildings therefore enter the analysis.

Compare mortgage terms from different lenders.

Major banks, credit unions, and specialized lenders each apply their own criteria, products, and terms. A logo does not mean that a mortgage will be offered or approved.