Bridge Financing

BerksIDA recently discovered a need in the region for bridge financing. There is often a financial gap in development projects that gets filled by various programs such as new market tax credits, opportunity zones and RACP funding. These programs often face delay or require reimbursement many months after project commencement.

BerksIDA offers a way to bridge this timing delay and provide funding today. Using your project and program commitment letter as collateral, we can offer financing which can be repaid as the program parameters are met.