I’m curious if anyone here has used a Bridge or Jumbo Loan for a major project?

I have a close friend who successfully flipped a self-storage facility, making nearly a million on one project, solely through direct mail.

They will typically request an architect's letter that confirms that the project is as of right and requires no variance, which tends to be the case.

Hi,I'm currently facing some issues with a project in Lorain.

Some lenders might allow you to add renovation costs to the loan to help you finish the project and avoid a loss.Explore Other Financing Options: If your hard money lender isn’t flexible, you might consider private lending or even a joint venture with another investor.

I want to do the project for the long term hold and cash flow aspect.

My goal is flipping properties, and I just completed my first project.

A couple of thoughts specific to condo investing:1) Be sure to include the condo fees into your cashflow analysis, and budget for potential assessments as projected capital expenses2) Make sure the condo association is solvent - a good litmus test is whether or not the units are approved for FHA financing3) Make sure the condo association rules/regs allow for rentalsGood luck!

So if I had an all in of $100k on a project, I would bring $15k of that and they take care of the rest. 

If you can rent part of your house and only pay like $500 to live that's a massive win.