Read real life examples of how our clients have successfully used a Australia bridging loan.
Learn more about the features and criteria for Australia bridging loans on our comprehensive FAQ page.
Read about GMG here and learn more in this interview with our founders.
Simple Application Process
01
Speak to Us
Contact us to find out if a Australia bridging loan is right for you. All it takes is a 15-minute phone call. Click here
02
Select Loan Option
Select from lenders who can approve your Australia bridging loan request in as little as 24 hours.
03
Signing
Complete remaining documentation with lender and sign loan agreement.
04
Funding
Receive funds as soon as three days after you begin the application process for your Australia bridging loan.
FAQs
A bridging loan is a short-term solution to help a borrower quickly access cash to meet an urgent need.
The typical bridging loan term is one year, although this can be extended to 3 to 4 years on a case-by-case basis.
Popular uses of a bridging loan include putting a downpayment for a new property while waiting to sell your existing home. Or making an urgent business investment while bank financing is being arranged.
Read about real-life examples of how to make full use of a Australia bridging loan.
Unlike traditional banks, GMG’s lenders focus on the quality and value of the real estate collateral to determine eligibility and terms of the bridging loan.
Traditional bank loans often impose requirements for age, income and Total Debt Servicing Ratio (TDSR), which are not needed when you apply for a bridging loan offered by GMG’s lenders.
Moreover, there is no requirement for the borrower to maintain an account or deposit funds with the lenders in GMG’s network.
One major advantage of the bridging loan that GMG’s lenders offer is that financing is available for up to 75% of the value of your property collateral. Banks often do not offer such high loan-to-value bridging loans.
Every bridging loan can also be configured to cater to the borrower’s individual situation. For example, borrowers have the option to make interest-only payments, with the principal due at the end of the loan period. The bridging loan can also be structured so that the borrower does not have to make any payments for a period of time.
Australia private residential, commercial or mixed-use property, both freehold and leasehold, can be considered.
The borrower will need to be an Accredited Investor or a corporate entity.