>>>>>>>>>>>>>>>>>>>>>Multifamily bridge loans:Loan Size:$1 million and upLoan Term:Short-term, typically ranging from 6 months to 3 yearsMost common range is 12-24 monthsExtension options may be availableInterest Rates:Higher than permanent financing, often in the teensRates vary based on creditworthiness and collateralGenerally 7-10.5% for multifamily, 15-24% for other commercial propertiesAmortization:Typically interest-only paymentsMaximum Loan-to-Value (LTV):Up to 75% of total project costCapped at 70% of the completed or stabilized property valueFees:Origination fees, legal fees, closing costs typically 1.5-3% of loan amountFees can include appraisal, administration, escrow, title policy, and notary chargesOther key characteristics of multifamily bridge loans:Fast closing process, with funds available quicklyEligibility based more on property value than borrower creditOften used for acquisitions, renovations, lease-up, or repositioningProvided by private lenders, venture capital firms, and commercial real estate lendersNeed to be refinanced or paid off quickly via sale or permanent financing>>>here is how extension options can impact the overall cost of a multifamily bridge loan:Extension fees: Exercising an extension option on a multifamily bridge loan typically requires paying an extension fee to the lender.

Currently 22 turning 23 next month and my goal is to house hack with my partner for the next 10 years before venturing out. 

We are eager to learn and make informed decisions that will set us up for success in our real estate ventures.

Are  you  open to a  Joint Venture in an LLC?

I’d love to keep you in mind for future ventures. 

Back in 2012, I started investing in turnkey rentals in Birmingham, and I even ventured into Indianapolis, Atlanta, and Pennsylvania.

Hello,My wife and I recently ventured into real estate investment and have acquired a 0.4-acre lot in a Bakersfield, within an R2-zoned area, Oleander Sunset.

Knowing the process can save you time and stress.Good luck with your new venture!

I started with my own funds as proof of concept, then started to do some joint venture deals and take other peoples money, only after I used my own and my mothers.

Partnerships and Joint Ventures- Partner with Other Investors: Team up with experienced investors to pool resources and acquire larger properties or diversify into different real estate sectors.- Real Estate Syndication: Participate in syndication deals where multiple investors fund larger projects, such as apartment complexes or commercial properties.4.