I have two buildings under contract, that host 25% vacancy, and a traditional commercial bank will not finance them. Looking for a lender that can finance a loan of 80/20 with a rate under 7.5% for a 12 to 18 month pe...
Any wholesalers out there ever used some sort of bridge loan in order to not disclose your profit? I personally haven't hit a home run deal yet but in my area they've made double closes virtually illegal.
Summary: I'm looking for guidance on what information I need to vet someone I'm planning to provide gap funding to. Full details below.I joined a Meetup.com group in my local NJ area. The person running the group do...
I am under contract to purchase a 0.75 Acre plot of land. It is currently two lots zoned R-2, but one lot is landlocked. I intend on purchasing the land, re-zoning to R-3A (in-progress) and amending the subdivision pl...
Hi all! I'm looking to do a deal creatively for 60% LTV. Here's the scenario ; value 1.8M, commercial space 10k sq ft, 2k sq ft currently rented at 4500.00/mo , 8k sq ft needs 50k in redevelopment, motivated and coope...
If I were to have a new home built, doing the general contracting myself using a bridge loan, would I be able to refinance the potential equity via the VA loan program? Example: total build out $175k...value $250k...c...
Running into my first low appraisal and need a bridge loan until I can stabilize the property, bank knows that once its stabilized we will get the high appraisal we need. The appraiser went with sales data instead of ...
Anyone have experience with Lending Home's Fix and Flip Loans? First time we've looked into them and have read mixed reviews.
Have any of you guys did business with Home bridge Loan ? If you did how was the process for you ?
Would anyone know where to start when looking for a bridge loan/ blanket loan in the northwest Indiana/Chicago area?Portfolio consist of 2 multi family buildings(100% occupied and paid off), 1 single family home(occup...