An exit fee is a one-off fee that is paid at the end of the loan term, when the entire bridge loan is repaid. This fee is charged by the lender, in this case RNHB, as part of the financing conditions.
Features of an exit fee at Bridge Loan:
- Fixed percentage: The exit fee is usually calculated as a percentage of the original loan amount or the total financing.
- Flexibility in interest: An exit fee can be used to reduce the interest during the term of the loan. For example, customers can opt for financing with a lower monthly interest rate, combined with an exit fee at the end.
- Payment at the end: The exit fee is only paid at the conclusion of the loan, which reduces the liquidity pressure during the term.
Alignment with the cash flows of your project: By shifting a large part of the financing costs to the end of the term, the timing is aligned with the moment at which the real estate project generates income, for example when the property is sold or refinanced.
Why is an exit fee applied?
The exit fee ensures that the lender achieves a certain minimum return on the loan provided, even when the customer opts for more flexibility in other aspects of the loan, such as a lower monthly interest rate or the suspension of repayment and/or interest payments until the end of the term.
At Bridgeloan.nl, the exit fee offers customers the opportunity to flexibly arrange their financing, so that it optimally matches the specific requirements and liquidity needs of their real estate pro liquiditeitsbehoeften van hun vastgoedproject.