@Kevin HumbrechtYour asking for a bridge loan on a personal property.

I'm in South Jersey right over the two bridges.

The other 40% can be a mix of your own cash, investor cash, mezzanine debt, bridge financing etc etc.

My intention is for them to use this as a Bridge Loan to get any low interest loan when they can. 

I actually thought the same, that I may be able to turn this into something better.Philip, I looked into this last week there isn't any changes in any boundary I can tell, except one is SFR, the other side is Multi, and of course, one is waterfront with ocean access no fixed bridge, the other is land locked.

Cross the appraisal bridge when you get to it (seller may have to lower their price and/or you could bring more cash to the table or a combo of the two-but make sure the numbers still make sense).

My guess is that you are outside the time period and technically good to go.Personally, I am not one to risk burning bridges.

Underwriting is different for Commercial and MF -- MF is Residential and little better.Problem is under $1 million -- few lenders will work on it-- so much refinancing coming up -- Management Fee ( 5 % ) and Reserves for Replacement ( 5 % ) is always deducted --standard procedure in MF and Commercial -- I am a Commercial Mortgage Broker --yes --if it is value added or needs rehab -- then we can look at Proforma Projections for three to five years --but then you get a Bridge loan OR const/ perm loan --rates are not 3.5 % --not even for SFR -- mostly for apartments 5 % to 7 % --except --in upper limits --$10 million up--its around 3.8 - 4.5 % -- for hotels ( my specialty ) --I quote 6 % -- 7 % fixed and 9 % to 12 % for bridge loan -- Sorry --I do not do in California --

Again… the goal would be to wholesale majority, and rehabbing every 3rd or 4th directly; however, I’d be looking for that bridge to carry me over the ‘from close date on the purchase’ to the ‘close date on the resale’ - buying me a little time to market and sell wholesale.

I have no problem bringing the sweat and materials to build the bridge to get to the other side, and appreciate everyone's feedback on the design of said bridge to make sure it is structurally sound ...