Bridge loans ...pros/cons?

[Account Closed]

I would love to hear what professionals think of bridge loans for a purchase & repairs of a house to flip. Overall plan would be to buy, repair and sell within 6 months. Any insight is greatly appreciated!

[Kyle Altenau]

In the past 30 days or so I closed a bridge for medical office, raw land, a couple residential fix and flips, retail (single tenant and deemed essential). We've definitely been pickier. There was a 25 unit vacant building in a rough area we passed on that we may have been more interested in 6 months ago. We are definitely underwriting sponsors and cash flow much more tightly too. We have tightened but still closing bridge loans. I know some others in the area that are similar.