Anyone have experience w/ hard money loan from Bridgewell Capital

[Larry Griller]

Hi,

I was doing some research and saw that Bridgewell Capital does a lot of advertising

for hard money lending in my area (Orlando, FL).

I wanted to see if any individual investors have had any experience working with this company in getting hard money loans for a rehab flip property? I was curious what kind of points they charge and LTV percentage they offer on their loans. Trying to do a little legwork before calling them.

I understand a lot of the variables are probably contingent on your personal credit and history of doing flips, but any perspective that can be shared is appreciated.

Feel free to PM me if that is a more comfortable way to communicate.

Thanks in advance.

[Benjamin Pekarek]

Originally posted by @Dan Oliver:

@Larry 

@Larry Griller I have used Bridgewell Capital personally for my investments and I have sent a lot of my investors to them as well and have been very happy.  The percent a points vary from time to time.  Depends on how flush they are usually.  They will also lend on rehab costs as well.  Let me know if I can answer any other questions or if you would like to compare with other lenders our investors use.

 Larry,

I'm currently working with Charlie to refi out Bridgewell! I have never, EVER been screwed as hard as Bridgewell has. They not only charged me 4 points for the acquisition, but, according to the HUD, I was billed for the "Repair Credit Line" that they tout out as what sets them apart from their competitors. My advice: stay as FAR!!!!!!! away from Bridgewell Capital as you can get. If you're looking for private/hard money in Florida, go to Dwell Financial, Civic (Charlie), RCN Capital, ANYBODY but Bridgewell!