New Jersey can be tough, especially with the higher property taxes compared to other areas nearby and across the bridge. 

Although it would be more common for hard money to be used as a bridge to long-term financing.

I’m thinking with appreciation (hopefully), I could sell off a place to pay off/down the HELOC and then have a fresh source of down payments again.I know it’s good to have goals and think long-term, but I may just need to start somewhere and go one at a time - crossing bridges when I come to them. 

.- New international airport (completion 2023)- New Kansas City Current women's soccer stadium- New women's soccer training facility- New Royals downtown baseball stadium (TBD)- New downtown baseball entertainment district (TBD)- Street car extension to the Plaza- Street car extension to NKC (TBD)- New Buck O'Neil Bridge (2024)- Old Buck O'Neil Bridge Renovation/Park (TBD)- Arrowhead Stadium renovations to accommodate World Cup- Arrowhead Stadium entertainment district???

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $172,500

Cash invested: $4,987

Contributors:
Matthew Tanis

2 Unit in Grand Rapids. We purch...

@Ali Boone do you have any experience working with Bridge Management?

I'm interested in learning as much as possible about the details of bridge loans.

Could a commercial hard money or bridge loan be utilized and then refinance the property?

Bank of the Orient and Avid Bank do bridge lending at preferable rates, around 5% with 1 point, on non-performing assets up to 75% LTV.

The reason we hear the most is that the debt got messy with the introduction of payment reserves by the agencies or flat-out freezes on new originations by bridge groups.