Should I get a Bridge Loan?

[Andrew Page]

I'm in the process of selling a multifamily home and buying a piece of land at the same time. The profit I make on the home sale will cover the land cost ($227,500). But of course, the closing will most likely not line up. I have the option of getting a land loan from a local bank here in Massachusetts but don't want to do that if I only need this money for a short time (1-2 months). 

Who here has worked with Private Money lenders? What would you recommend I do in this case? Are there private money lenders you would recommend? 

Thanks so much for the help!

[Charlie MacPherson]

@Andrew Page There are lots of hard money lenders here on BP that you can talk with about transactional funding.

Instead, why not line up the closing dates for a double-close, of close on the land the day after the MFR? That's the kind of thing I work out for clients on almost every deal.