I have run across the idea of having a bridge loan as a backup to make sure you have the equity to get to closing and then continuing to sell the LLC shares and retire the loan as the shares sell.

I live in Breaux Bridge,  and I joined the BP Acadiana group.

They are legit, but more of a bridge lender than a hard money lender, and if memory serves, they like to stick to urban areasI've talked to Jeff over there several times in the past and he's a straight shooter.

You take them out of the loan with cash if it is available to bridge the gap to the new debt2.

I guess I got lucky as Wells Fargo didn't require flood insurance being in zone XNo intention of selling anytime soon but will cross that bridge when I get there.ThxChris

She is not refusing to deal with us- she is polite and very professional and careful not to burn bridges.

The issue being that a Quit Claim is not saying that the Grantor had any ownership in the first place.I could give you a Quit Claim for the Golden Gate Bridge.

Can you find some bridge finance or buy it yourself?

Good luck bridging the gap3.

Charging usurus rates and high fees bridges more on criminality, as I said, there are some who should not borrow money just for the sake of doing a project, especially when, if it is a viable project, it can be accomplished through other means like partnerships, buy-sell and repurchase agreements and management arrangements.I'm sure I'll be blasted, I can hear it now, the HML serves the public, serves those who would otherwise be out of business, assessing risks to the most minute detail (LOL) and since they have money, must be some of the smartest people walking the face of the earth and kindest even giving people a chance to succeed, ......yah right!