News | October 14, 2022
McKnights Senior Living - Why bridge loans should be part of your financial toolkit
We’re in the News: Our CEO’s Latest Guest Column
Why Bridge Loans Should Be Part of Your Financial Toolkit
In an environment of rising interest rates and credit restrictions, bridge loans are an important part of any financial toolkit. Wilshire Finance Partners’ CEO Don Pelgrim shares the benefits bridge loans offer in his recent guest column for McKnight’s Senior Living.
His column, entitled “Why Bridge Loans Should Be Part of Your Financial Toolkit,” explores the benefits and flexibility of bridge loans, as well as why seniors housing owners and operators should be aware of bridge loan options, especially during times of economic uncertainty.
“A bridge loan is a unique tool. Think of it like a pipe wrench. You’re not going to use it every day, but when you have a leaky faucet, you need that special tool,” Don shares. “The right tools for the job make all the difference in the world, and ensuring that you have a diversified financial toolkit with resources at the ready is crucial to capitalizing on strategic business objectives. As counterintuitive as it may sound, permanent financing is not always the best tool for the job.”
Wilshire Finance Partners is a real estate finance and investment company specializing in bridge loans and capital solutions for senior living and healthcare from $1 million to $10 million nationwide.