Bobby Nilsen
McMann Commercial Lending
13 January 2024 | 80 replies
They also promised me a bridge loan since the beloc is late but the bridge loan also never happened.
Sean Richway
Zoomeral / Genie Investments - Has Anyone Used Them?
13 November 2023 | 32 replies
Mcmann has what they represented as a “sister company“ & that they would do a bridge loan to fund the interest carry account for all Mcmann borrowers for a no out-of-pocket Funding of the ICA account .The name of this company is Genie Investment NV, this company provided a $2.4 million (10%) of total loan to Mcmann Commercial Lending to fund the ICA account which initially executes the loan.
Chase Fritz
How would you finance this deal?
30 September 2022 | 6 replies
They should be offering you a bridge loan with 12-18 month terms with interest only payments.
Seth Baumgartner
How do Bridge loans work?
15 August 2022 | 10 replies
I'm Specifically interested in bridge loans and what is normal for them.
Damein White
Best way to use $100,000 cash
31 August 2022 | 12 replies
I also like @Jim Pellerin's answer a private equity type deal where you are an LP is really nice, i have done a lot of these and have seen great returns the past years, tho the returns are thinning up a bit due to bridge debt market drying + interest rate and cap rate increases
Nayron Henderson
Has anyone had success wholesaling on-market properties
23 August 2022 | 14 replies
They’ll burn all their bridges with investors and realtors in an instant.
Anthony Crawford
LOCATED A PROPERTY, NOW WHAT?? HELP! (Decatur, GA)
8 March 2017 | 9 replies
Try iron bridge lending- they are used a lot in my mastermind group and come highly recommended.
Brody Muxlow
Need a mortgage ASAP
30 September 2019 | 5 replies
For that $ down you probably could've done a bridge loan to hold you over then go through conventional methods after.
Elehue Pierce
multi family % of closing cost as a rule of thumb
4 January 2022 | 19 replies
For example, your legal fees are not likely to be a percentage but rather an hourly rate or flat fee regardless of deal size.I'd also add a few items to Brian's list:Due Diligence (if you hire a third party to do it--and you should)Lender legal -- depending on the loan amount and type of loan Rate caps -- some variable rate bridge loans require that you purchase a hedgeInsurance -- don't count on paying a prorate.
Heather Hartsock
Newbie in Martinsburg,WV
31 July 2016 | 9 replies
Will be relocating to Capon Bridge, WV (~25 minutes west of Winchester, VA) in 6-months.