I'll match to you.LIBOR + 350 with caps bridge 3+1+1.

@Sonu SidhuA fundamental rule in business: avoid owning properties (or doing any business, for that matter) with family and friends.But you already crossed that bridge and will probably dismiss my warning.

I work primarily on the Southside; I don't cross the bridge unless I absolutely have to.

@Evan Bridges, Are you saying your TOTAL equity is $40k, or is that your ADDITIONAL equity on top of your purchase price?

It could be a bridge job between my current one and what I plan for farther down the road.

Hey guys, my name is Ian Bridge, I'm a real estate agent in Lincoln, Nebraska.

We ended up with a bridge loan. 

You can use bridge loans, lines of credit, HELOCs, loans against other property, margin account loans (be careful here), etc., to put your Reverse 1031 Exchange in place.  

I may have to come up with something better when we get bigger, but we'll cross that bridge when we get to it.

I'm not sure if that law has changed in the last couple years but the last project I helped on the developer fee was a qualified cost so that was essentially how the investors bridged the gap in financing was by using their developer fee as their equity into the deal and the banks fronted the rest of the money from debt or sale of the credits.