Jacob I should have labeled "RGE" better as that is our Gas and electric estimated at $120/month.

This bridge loan will position our client (who is very experienced and seasoned in this market) to successfully continue lease up and manage rent increases up to market until the property is primed for the HUD take out.If you are experiencing a similar story with any of your multifamily assets, please don’t hesitate to reach out directly, and we will work to identify if there is a solution to revitalizing your deal with perhaps a new Bridge loan until it is fully stabilized for agency or HUD.Maureese Jones | Commercial Mortgage BrokerCell: 717-881-3358 | Website: gparency.comAddress: 481 Oak Glen Rd, Howell Township, NJ 07731Follow me on LinkedIn

Alternatively, I would consider solutions where a lawyer was not necessary. 1.

If you have not found a solution Please message me I may be able to help you.

What is the best solution here? 

is there a solution to this?

For example, a home equity line of credit (HELOC) might offer a more flexible solution to fund the repair without the commitment of a second mortgage.

Nonetheless, the rules regarding how losses can be used to offset gains can vary by state, so it's advisable to reach out to a professional tax advisor that can recommend solutions based on careful examination of your situation.

Future investors might consider this and possibly look into local property management solutions if they're not able to frequently visit the site.Recommendations and Networking: Sharing contacts like Jeff Chisum who have proven helpful in your investment journey is beneficial for the community and helps foster reliable networks of professionals.Lessons Learned: Your insights into the challenges of managing a high-elevation STR during winter are invaluable.

Their passive investors like you are in a different game.This is why asking such questions online is not a solution.