Financed using bridge loan 90% LTV, with 100% of the construction covered by the bank, will refi into 30 year term loan in 12 months from purchase after stabilized.

Our current accountant says she thinks the bridge point income-wise is around $50K, which sounds low but I trust her more than our previous accountant who gave us a MUCH higher number as the threshold, we should have made the switch long before we did and waiting cost us tens of thousands of dollars.

This deal was purchased using Sherman Bridge Lending, my investor was able to get 85% of purchase and 100% of rehab financed at 10% interest and 2 points.

This type of transaction mostly involves real estate investments and is very similar to short-term bridge loans.

The issue I'm running into is that I assume I'd need to show proof of funds for the downpayment on a replacement property to even get preapproved, which I won't have until the relinquished property closes--other than taking a bridge loan or a cash-out refi, are there any other solutions you can think of? 

In the area where I would like to purchase next there is a conventional loan limit of $647,000. Sellers won’t budge at $759,000.The property is properly priced.This would be a primary residence that I can also operat...

A bridge loan or some banks call the them Pledged asset loan (PAL) Schwab How did you add value to the deal?

We ended up finding a great 22-unit property at $5.2mm.Since we are in a competitive market, we wanted to offer the quickest closing possible, so we made the decision to go on margin to make up for the other $3.33mm as a temporary bridge loan and offer a 22 day, all-cash offer.

We ended up finding a great 22-unit property at $5.2mm.Since we are in a competitive market, we wanted to offer the quickest closing possible, so we made the decision to go on margin to make up for the other $3.33mm as a temporary bridge loan and offer a 22 day, all-cash offer.

So let's say you had 1.6 million in your brokerage account, you could get a loan of 800k from your brokerage account at 5%; he's saying a 'bridge loan'- Then the seller has accepted this 'all cash' offer.