Customized Bridge Loan
Case Overview
Reason: Gap Receivables
Funding Amount: $200,000
Approval Amount: $200,000
Industry: Construction
Use of Funds: Upcoming Projects
Program Type: Bridge Loan
The Story
Ivan Ortega is back to talk about how he was able to structure a bridge loan for a client to meet his needs. James was looking for a line of credit but was unable to qualify for one. What he needed was the ability to draw three times in 90-day increments. Ivan was able to structure the bridge loan to meet his needs, allowing him to draw funds every 90 days.
The Details
The Client
Owns a construction company based in Charlotte, North Carolina.
Referred by a long-term partner/client named Paul.
Had been in contact with Ivan from Capital Infusion for over 6 months.
The Situation
Initially sought a line of credit to fund business needs.
Needed three separate draws between 90-day periods.
Was referred due to Capital Infusion’s efficient and flexible funding process.
The traditional line of credit product did not meet approval requirements due to underwriting challenges.
The Solution
Capital Infusion structured a custom bridge loan tailored to the client's draw schedule (3 draws in 90 days).
The bridge loan helped him overcome financial hurdles and continue development projects in Charlotte.
The positive outcome strengthened the business relationship, leading to more referrals and ongoing collaboration.