Their money comes in various tiers of interest (some IO bridge financing, some equity with preferred return, some class b equity, etc).

Of course, I can use other sources of capital as a bridge for 6 months, but they are more expensive.

Be smart and you shouldn't have anything to worry about.Furthermore, the city is currently undergoing massive redevelopment; a new sports arena, an international bridge crossing comes soon, streetcar line downtown, and billions on top of billions put into redevelopment of vacant/derelict structures.

We'll do interim construction loans, bridge loans, SBA 504 2nds, and various other loan types in the central Texas area.  

I bought it from a wholesaler - the seller was elderly, had already moved out, and in fact passed away during the process but the sale was being transacted by his son and it continued on in spite of this hiccup.This is a 3/1.5/1 ranch in a very desirable (for moderate home prices) area off Red Bridge Road called St.

Im guessing he lives under a bridge now. 

They do have points 2.5 on some occasion, but that is for loans above $100KAs soon as I find a property, I will be working on getting a bridge loan through them.Thanks for the referral!

Make sure you ask them for a copy of the underwriting approval conditions so you can see for yourself what has to be done, since they're flaky.If you need a bridge of hard money, expect to put at least 30% down and pay a couple of points to close. it should only take a week or so to close if you have to.

The Lender will generally have established relationships with these folks and may require the borrower to pay for these services up front.This panelist, as with other hard moneylenders, does not loan to homeowners and they all are making what are called “Short Term Bridge Loans.”

Even section 8 pays better on this side of the bridge.