Compass Bridge Loan Services

A simple solution to bridge the gap between the home you have and the home you want

 

Compass Bridge Loans Services gets you access to competitive rates and dedicated support from industry-leading lenders, with the exclusive option to get up to six months of your loan payments fronted when you sell your home with Compass agents Lisa, Lourdes or Carolyn.

 

Compass Bridge Loan Services for North Shore Real Estate

What’s a bridge loan?

A bridge loan is a short-term loan that uses the equity from your current home to help you make an offer on a new one, without rushing to sell.

Compass Bridge Loans for Chicago's North Shore

Our Solution

After months of research, Compass has selected lenders that are offering competitive rates and dedicated service for Compass clients. Already working with a lender you love? No problem. This unique solution lets you choose the provider that works best for you.

No out-of-pocket costs

Work with Lisa, Lourdes or Carolyn to sell your current home and get up to six months of your bridge loan payments and other associated costs fronted — an exclusive offering for Compass clients, regardless of the lender you use.*

Does a bridge loan make sense for you?

Is your money tied up in your current home?

If you need to move but your money is tied up in the equity of your current house, a bridge loan can help you secure funding to facilitate the transition to a new home — like for a down payment or mortgage payments. Once your current home sells, you’ll use the proceeds to pay the bridge loan back.

Do you need to move within a specific timeframe?

If you’re relocating for a new job or other reason, a bridge loan can afford you the freedom to move on your own terms and secure a new house when you need to, without having to wait for your old home to sell.

Does your home 
require renovations or other work?

Whether you’re using Compass Concierge to increase your home’s value, or are making improvements on your own, it may be easier to have construction work done when you’re out of the house. A bridge loan can help you move faster so you’re out of the house while those improvements are being completed.

How it works

+Sign an Exclusive Listing Agreement with Lisa, Lourdes or Carolyn to sell your current home — while you work with them to find your next dream home.

+Apply and get approved for a bridge loan with the lender of your choice.

+Ask us about getting the first six months of your bridge loan payments fronted.

+Move into your new home while we work to sell your current home.

+Use Compass Concierge home improvement services to sell your home faster and for more money.

+When your old home sells, simply use the proceeds to pay back the bridge loan and any fronted monthly payments.

Compass Bridge Loans and Compass Concierge

Next step: finding a lender

While Compass clients are encouraged to find the best lender for them, request access to our list of recommended lenders who offer short-term financing and can participate in Compass Bridge Loan Services.

*The no-out-of-pocket costs offering for Compass clients is a loan provided by Notable Finance, LLC, NMLS# 1824748 and is available to all eligible Compass clients working with the Bridge Loan lender of their choice. Loan eligibility is not guaranteed and all loans are subject to credit approval and underwriting by Notable. Loans made or arranged pursuant to a California Finance Lenders Law license. Neither Compass, nor Lisa, Lourdes and Carolyn, are lenders and neither are providing loans as part of Compass Bridge Loan Services.

Information regarding lenders which offer short-term Bridge Loan financing is provided for informational purposes only and does not constitute an endorsement of the particular lenders referenced. Neither Compass, nor Lisa, Lourdes and Carolyn, can guarantee that these institutions will be able to assist and do not assume any responsibility as to the performance of services to be provided by these institutions. There are no requirements that you participate in the Compass Bridge Loan Services or obtain a loan from these providers to participate in any other Compass programs (such as Compass Concierge). Speak to your Bridge Loan lender about all the costs you may be responsible for in connection with your Bridge Loan.

We believe data and analysis reveal opportunity. As passionate researchers and diligent observers of the North Shore market, we provide the essential data to make informed decisions about selling your home.

Our 8-Point Strategic Seller Program takes you from pre-list to sold!

Your home is a major investment.

Leave nothing to chance.

Make Your Next Decision Data Driven.

Compass Concierge

Compass Concierge will assist you with the execution of a tailored plan for updating and staging your home for prospective buyers. Compass Real Estate  will cover the upfront costs associated with home-selling improvements and collect

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About Lisa, Lourdes & Carolyn

Merging their individual knowledge, resources and expertise, Lisa, Lourdes & Carolyn offer their real estate clients superior advocacy skills and exceptional results.

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About Compass

Compass takes a high-tech, high-touch approach, combining the best agents, transformational tools, and unparalleled marketing and support services.

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