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17 June 2024 | 19 replies
I would rather disappoint an investor by not funding than burn bridges.
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14 June 2024 | 7 replies
You can get a bridge loan (nice way of saying hard money) for the renovations and then, once all is back to normal, you can get a DSCR or other type of permanent financing done, but I don't know of any permanent financing scenario for an investment property that would allow the property to be in that state.
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18 June 2024 | 83 replies
Also people that can't live in east palo alto/livermore they move to central valley, that itself is also causing price to rise. yes simply cross the bridge from Singapore to Malaysia and you will encounter the same situation.
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14 June 2024 | 0 replies
This deal was financing through Sherman Bridge Lending.
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14 June 2024 | 10 replies
If I have to boot someone I'll have it re-rented for more money in a week and the person getting booted will probably be living under the bridge as they won't find anything as cheap as me.
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15 June 2024 | 15 replies
Detroit is also seeing the expansion of our international trade activity via the two new bridge routes to Canada.
12 June 2024 | 3 replies
These loans are structured with a combination of a first mortgage from a conventional lender (typically covering 50% of the project costs), a second mortgage from a Certified Development Company (CDC) backed by the SBA (covering 40% of the costs), and a down payment from the borrower (typically 10%).Bridge Loans: Bridge loans are short-term financing solutions used to "bridge" the gap between the purchase of a new property and the sale of an existing property or the availability of permanent financing.
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12 June 2024 | 9 replies
For example, we can do as low as 15% down on multifamily bridge loans.If you plan to refinance you will likely need to keep at least 20% equity in the property if not more, though if you're creating value through a rehab, you may be able to pull out all of your initial down payment and more.
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13 June 2024 | 10 replies
It could be pool/sauna, it could be game room/pickleball, it could be pets and baby friendly.If you are thinking of doing it from afar and have never done it before, you might want to investigate MTR as a healthy bridge opportunity where you can spend less money on furnishings and get longer stay tenants.
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11 June 2024 | 5 replies
If you take a high rate, interest only bridge loan, you need to have a solid exit or you will pay tons in interest.