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Bridge Loans: Tactics to Increase Eligibility
If you've faced difficulty securing financing for your next commercial investment property because the property is half-occupied or it is in decrepit condition you should consider the benefits offered by Learn why this type of financing might be the help that's right for you and some approaches to improve your eligibility.
Conventional lenders don't like deserted or distressed properties. Not so with bridge lenders. Bridge lenders secure their loans based on a borrowers experience and the potential of a property.
Bridge financing allows real-estate investors to capture the long term and short term income potential of poorly managed properties or distressed properties. Using bridge financing an investor could purchase a half occupied apartment complex, improve its condition and increase occupancy, and once most of the units are occupied the investor can then refinance to a conventional mortgage.
These loans also benefit developers who intend to resell distressed properties. The capital given by a bridge lender allows the investor to improve a properties condition and then resell it for a tidy profit.
However, when it comes bridge lenders you need to do all in your power to prove the potential of your project and your experience as a developer.
If you can meet these basic eligibility standards when it comes to commercial bridge loans
Bridge financing is just that a bridge, it is designed to be paid back either through refinancing or resale, so being able to discuss your exit strategy is crucial. Consider the following talking points to assure your bridge lender about your exit strategy:
Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
[email protected]
Dennis Dahlberg Broker/RI/CEO
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.
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