Tremont Mortgage Trust Closes $14.8 Million First Mortgage Bridge Loan to Refinance a Scarsdale, NY Office Building – Tremont Mortgage Trust (TRMT) today announced the closing of a $14.8 million first mortgage bridge loan to refinance 2 Overhill. that focuses primarily on originating and investing in first.

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That’s where the Bridge Loan, from Arbor Financial can help. A bridge loan is a mortgage with a term up to 12 months and interest only payments. Our bridge loan is designed to help prospective home buyers that do not have cash savings for a down payment, but want to get into that new home quickly.

Bridge loan – Wikipedia – A bridge loan is interim financing for an individual or business until permanent financing or the next stage of financing is obtained. Money from the new financing is generally used to "take out" (i.e. to pay back) the bridge loan, as well as other capitalization needs.

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