We never want to be caught in a situation where we are running our of time on our rehab / bridge loan.2.

Today it seems that many buyers are using bridge debt from debt funds.

Also, your process and money is way too tight and you don't want to do something on your end now that will take away from the profits on the deal so you need to use leverage on your end instead of trying to make the seller close the same day so you can have a bridge loan.

With 1.2 you may have to opt for a bridge lender, provided there is value-add component that can push your DSCR higher.Of course, initial DSCR is inversely proportional to your purchase price: the higher the price, the lower is initial DSCR that is based on the current income.

It was denied a new appraisal and now I must bridge the appraisal or find a new lender.

I thought the seller was originally going to carry for at least 6 months, but I misunderstood.Instead, I need to either secure bridge funding for 3-6 months or find long-term financing. 

I can't think of any predominantly black neighborhoods in or even near Marin unless she went really far away/ over the bridge.

This deal was financed through Sherman Bridge Lending, my buyer received 90% of the purchase and 100% of the rehab covered.

As discussed, I have options to refinance your multifamily short term bridge loan into a stand alone 30 year conventional (rates start at 4.5%) or a government sponsored loan - Fannie Mae, Freddie Mac (rates start at 3%) after 1 year.Your credit line could then be reused for your next purchase..

As discussed, I have options to refinance your multifamily short term bridge loan into a stand alone 30 year conventional (rates start at 4.5%) or a government sponsored loan - Fannie Mae, Freddie Mac (rates start at 3%) after 1 year.Your credit line could then be reused for your next purchase..