5 Tips for Closing Your Bridge Loan as Quickly as Possible
When you have a real estate deal under contract, the last thing you want is your financing slowing you down. A fast closing can help you secure a property, meet a tight purchase deadline, or simply give you confidence that the capital will be there when you need it.
At Granite Street, speed and certainty of execution are at the core of what we do. For straightforward transactions, we can often close in 2–3 business days—and sometimes in less than 48 hours when we already have a clean title report.
But a fast closing requires both the lender and the borrower to be prepared. If speed matters on your next transaction, here are five things you can do to help us get your loan funded as quickly as possible.
1. Have the Basic Deal Information Ready
To quickly evaluate your loan, start by providing:
Property address
Purchase price and/or estimated property value
Requested loan amount
Requested loan term
Use of Funds: Why do you need the capital?
With these five items, Granite Street can quickly evaluate the transaction and determine whether it fits our lending criteria.
2. Get Your Insurance in Place
Once you decide to move forward, begin arranging property insurance immediately. Waiting for an insurance policy or binder can delay an otherwise ready-to-close loan.
3. Provide a Copy of Your ID
Have a clear copy of your current government-issued identification ready to provide. Getting this to us early helps keep the closing process moving.
4. Complete the Loan Application in Full
Fill out the loan application completely and accurately. Missing information creates unnecessary back-and-forth and can slow down underwriting.
5. Be Responsive During Closing
Fast closings require fast communication. If Granite Street, escrow, title, or insurance requests additional information, responding quickly can prevent small outstanding items from delaying funding.
Ready to Move Quickly?
When these items are handled promptly, Granite Street can often close a bridge loan in 2–3 business days. In certain situations, we can fund in less than 48 hours, particularly when a clean title report is already available.
If you have a time-sensitive real estate transaction, send us the property address, purchase price or value, requested loan amount, and requested term. We'll quickly evaluate the deal and let you know if Granite Street can help.
