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10 January 2025 | 67 replies
There are some that are great for sure, but I have currently heard terrible stories about people putting money in the last 2-3 years and losing it all, capital calls and losing the whole deal due to bad bridge loans (some coming do very soon).
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7 January 2025 | 1 reply
I took a small private loan and bought my first home.
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21 December 2024 | 10 replies
Loan C: Capitalized interest reserve with an 80% LTC loan.
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9 January 2025 | 2 replies
Real numbers- purchase 907k,rehab , closing costs, soft costs, 840k, all in 1.747 mil, basis for each unit should be roughly 291kappraisal of each unit minimum 400k , so 2.4 mil if for all 6.I might refi only 4 out of 6, that will cover initial loan amount.
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13 January 2025 | 17 replies
This would help reduce the amount needed for a bridge loan to fund the acquisition and renovate the four vacant units.
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27 December 2024 | 15 replies
These loans are for a minimum $100K to $1-1.5M (different loan guidelines depending on the max loan amount).
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7 January 2025 | 0 replies
I took a small private loan and bought my first home.
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9 January 2025 | 4 replies
Im assuming I will learn the markets and what it takes to get a loan ect.
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7 January 2025 | 7 replies
Also consider all lenders will require to review your insurance when underwriting a loan and it's likely a violation of your existing loan documents to let the properties go uninsured even if they didn't require insurance escrows.
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27 December 2024 | 8 replies
Quote from @Arshiya Taami: I am planning on purchasing a profitable business with its real estate included in florida and the dscr is 1.85. the problem is im just short of 600k for the down payment. that being said, can anyone provide me any reputable loan companies that will offer bridge loans and what their requirements are. thank you in advance!