First and foremost it is a way to avoid sleeping under the bridge.

I have the funds to get started, its bridging that gap and finding that diamond. 

Hello,I am looking to start out with flipping homes.  I have capital lined up to buy properties, but I am in need of a partner to help get the first deal off the ground, meaning someone who's willing to put up the dow...

Both have nice summer festivals and the walking Big Four Bridge and new east end bridge are a HUGE boon to Jeffersonville.

I'm at the end of my first tranche of leads through the Featured Lender program and wanted to post an update.Here is a breakdown of the 25 inquiries I’ve received from the Business Finder or Business Directory:Negative: 12No response: 3Deal died: 1Didn’t Qualify: 2Other lender/rate shopper: 5Wrong Product: 2 (wanted HML or bridge loan)Neutral: 12Long play (may buy within 12 mo): 11???

Obviously all I know is what you've told us here but my approach would be to assert your position firmly but in a way to not completely torch the bridge.

Jon is right, the hard money/bridge loan is short term.

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 --

They are bridging a gap rather than providing a 30 year solution.Note that even with conventional financing the typical loan is paid off after 7 years (sale or refinance causing the loan to be paid back early).

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).