How to analyze a bridge loan on buying a wholesale property

[Christopher Davis]

I'm looking at a duplex @180K which would be a cash purchase requiring a short term hard money loan before I can refinance into a conventional loan.

Waiting for a callback about the terms of the bridge loan, it is offered by the financing arm of the wholesaler. I also have another contact if it is better seek that from a separate entity. But in the meantime, how can I analyze this? I've never taken a loan such as this before. I can put down 25% of the purchase price. And I guess I would just calculate the costs of the loan and factor that in to determine if it's a good investment. Also waiting for a reply from my conventional lender about how to refinance, if they require seasoning. Duplex is currently with tenants. Specifically about the short term hard money loan:

What to ask?

What to look out for?

What to stay away from?

Red flags?

Thanks for any guidance! If I should provide certain details that I have not, just let let me know!