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Updated almost 4 years ago,
guidance for a short-term bridge loan.....
Hi all,
I am looking for some guidance to getting the best loan and navigating a bridge loan for a mix use property w/o a CO. We are nearly completed and at sheetrock with all appliance, flooring, fixture quotes lined up......
I shopped around and found a few but they are on the higher end of 10%+. I am sure I can't rent roll the loan amount that within the allotted term(long-term tenants). I am still weighing out options of AirBnB.
My other idea is to piece it together with Friends&Fam lending and then go for a larger loan when seasoned with a CO. Could I go for a longer term loan that is larger even without a CO?