If it is a good business with a hard to finance issue, he'll work with the loan team to figure out how to lend to them.

I have preaproval for a 250K loan now.

Loan had high terms of 9.5% calculated to 20 years and a balloon payment on the 3rd year coming up this April 1st.

I have been doing these type of loans for 30 plus years and buying foreclosures since the late 70s.. seen it time and again  ..

By utilizing section 8 income we will turn it into a property that is insured beyond belief and make over $ 418,000 gross $320,268 net.

Bridge Loans or Mezzanine FinancingShort-term financing can cover the down payment:✅ Private lenders: High-interest, but great for acquisitions✅ Mezzanine loans: Secondary financing sitting behind a primary loan✅ Cross-collateralization: Leverage equity in your existing motel or rentals4.

But the props were in your name and they had a loan against it and then when it was done they bought it from you and you made a profit ??? 

The  portfolio stuff does not so they make the rules up as they go along, but those loans comprise less than 10% of all loans.

Too large to be a normal convention loan, but not big enough to be tasty for an investor that wants some size.

Meaning we sell the home for $2.5 million (maximizing the $500k we can grow w/o tax penalty, leaving ~$1.2 million for my new home/property after fees and loan repayment), and the remainder of the profit (~$750k) will need to be 1031 exchanged.