Bridge loan.  

They don't like to share their money for more than 6 months although some are starting to loan for up to 12 months but I'm guessing the points/rate will reflect giving you the money for a longer time.We have used Iron Bridge Lending out of Portland, Oregon and Fund That Flip out of New York.

As you were explaining your situation, I pictured you all strapped up in a bungie jump harness, standing at the launch pad at the top of a bridge.

I have never been asked to pay for a bid, but if there are, let's say, three contractors spending hours and hours of their time getting me a bid, only one will be chosen.Have I burned bridges with the other two general contractors?

I'm taking it is a outside entranceFHA might be tough they usually only loan on single family housingmaybe a hud project- youll have to check it outyou may be better off getting the loan done as a duplex- hard, bridge or conventionaldepending on the exit strategy for the propertyenjoy

So, I am outside of Philadelphia and it takes me 5 minutes to actually leave my house, cross the bridge and physically be in New Jersey.

There is a lot of redevelopment going on, and there is a second bridge to Canada going in soon.

This is the epicenter of the majority of dissatisfied clients and burned bridges. 

Hi Jay,Bridge loan is a bit too high for this purchase, but maybe an option for later years.

I want to approach the seller with terms for a short-term bridge interest only loan while i continue to raise capital, stabilize the motel (it is extremely underperforming) and hopeful for lower interest rates.