I would not even breathe easy until you have the property totally locked up (contract wise).Use this property has a bridge to locate future deals for investor / rehabbers .

Ryan waits for family and friends at the Rainbow Bridge.

But it's water under the bridge for what you are asking.

Under a bridge ?

Hi @Bob Chuckman, either way you go will work out fine, can depend on your purpose of the loan, primary residence, investment property, multi family ect. use local banks with few branches, check around to each one for loan options for investment properties, while standard mortgages are sometimes tricky to get approved, there are, bridge loans, commercial loans, portfolio loans, ect. i am not sure 100% on all the types that may be available but i would spend some time talking to different banks in your area especially the lending dept. i focus on FSBO homes/multi with seller/owner financing but i wish you luck in your REI adventures,Jay,

Pretty cool to be able to hop over the bridge and be in a different country, with all its quirks and foibles.

@Jason Baehr I can only comment on our requirements, but Sherman Bridge Lending requires a vacant dwelling policy.I could be wrong, but my understanding is that a builder's risk policy only covers you during the construction / rehab phase, but not during the marketing phase; whereas, the vacant dwelling policy will cover you as long as no one is occupying the property.I have a few insurance contacts; feel free to message me if you need / want a referral.

Dont waste their time too much though, you'll burn bridges if you take them to 4 houses and you havent even put an offer on the house yet.Read also J.Scott's book on estimating rehab, here on BP.  

I had a 106 unit property that was purchased on a bridge loan that was good for 2 years. 

I have been trying to build my knowledge of commercial real estate however I wanted to know is it possible to use a bridge loan in order to obtain a commercial loan from a bank?