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16 January 2014 | 10 replies
, temporary relief on making payments until the property sells?).
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9 March 2012 | 3 replies
Personally, I don't see bridge or hard money lenders playing much of a role in assisting with commercial workout scenarios.Bridge financing is almost always just a temporary loan until the it can be paid off via an exit strategy (which is usually the sale of a property or another loan from a permanent lender).The key component with a bridge lender being that there is already a valid exit strategy in play PRIOR to them funding their loan.When you have an borrower who is dealing with declining property values, shaky personal and/or business financials, poor credit, etc. there won't be a takeout lender in play given the borrower is going to have a hard time securing another bank loan.
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22 April 2012 | 7 replies
You may end up paying for temporary housing for your new tenants, but since it's only a month and a half, the hit is not going to be too bad.
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25 May 2012 | 7 replies
With the crazy quilt of foreclosures, temporary restraining orders, bankruptcies, etc., the last thing a hard money lender wants is to have to try to foreclose on a property for non payment.
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26 December 2010 | 11 replies
Zillow from my expereince has been way off an any real value of proeprties at least where I am on north shore.
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11 January 2011 | 8 replies
Not to mention, a lot of lenders charge a fee (typically 1 point) to the new borrower for them to assume that loan.If for some reason you as the new borrower don't qualify for the loan, you "might" be able to bring on a partner to shore up whatever conern the lender has.
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31 July 2013 | 7 replies
If you ever make the drive out to the ocean, (Ocean Shores) you'll pass right by me!
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19 September 2013 | 15 replies
Unnecessary expense, and a needless hassle to tenants.Tenants want to be left alone, not have maids there all the time.If it was a "rent a room" roommate situation or a temporary corporate rental, a maid could be useful.
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30 August 2015 | 28 replies
They were followed by other out of area investors then the Off shore investors started getting marketed to and you have seen a big influx of AU GB CA CH SING those folks invest turn key.
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13 June 2015 | 13 replies
If you wish to accept the risk, you can just attach a 60 to 90 day Buyer's Temporary Lease to the contract and amend the closing date accordingly.