Steven Westlake
Bridge loan or some orher ideas suggestions
I hoping some of you can point me in a new direction. Heres the basic facts:1. I stopped working my regular job about 2 years ago. Got my 35 plus years in engineering in, to draw full social security, in a few more ye...
Mike Smith
turn key/bridge/buy hold lender advice
I am looking for a lender recommendation for purchasing two turnkey double units worth around 250k total
These are "no brainer" deals far under market value great condition I own a few rentals purchased the traditi...
CJ Chen
4-Plex in High Bridge South Bronx
I am in negotiations on a 4-Plex in south Bronx. The buyer wants $460K
Do the numbers work and does anyone know about this area? And anything else I should worry about? I have done a lot of research online and walked...
Casimir Fussner
guidance for a short-term bridge loan.....
Hi all,
I am looking for some guidance to getting the best loan and navigating a bridge loan for a mix use property w/o a CO. We are nearly completed and at sheetrock with all appliance, flooring, fixture quotes lin...
Renny F.
Bridge Loan with at least 75% LTV
Hi I'm looking for lenders that will do a bridge loan on 2 properties that I have listed for sale, so that I can purchase the target property, in a 1031 exchange. I would like at least 75% LTV and a 20% down for the ...
Michael Iuculano
What is a bridge loan? A look at how it works.
What Is A Bridge Loan? A Look at How It Works.Buying a new house can be problematic for people with existing homes that have not yet sold. This is because money from the sale of the old home might be necessary to put ...
Corey Dutton
What Are Bridge Loans? Not the Same as Gap Loans
Many people ask the question, ‘what are bridge loans?’ A bridge loan is essentially a commercial hard money loan. A bridge loan can also be a short-term loan on an investment property. This is not to be confused wit...
Joseph Haraszko
Using DSCR or bridge loans instead of hard money.
Hi, I have flipped several properties over the last 5 years and held on to several. For my next flip, a friend mentioned using DSCR first, then if dscr not available, a bridge. Hard money has not required me to put an...
Corey Dutton
Loan Declines Flock to Bridge Lenders for Approvals
Where conventional and government-back financing have remained difficult loans to qualify for, more and more borrowers are flocking to bridge lenders for loan approvals. Bridge lenders offer a non-traditional form of ...
Michael Kaminski
Closing on new primary home before current home sells how to avoid dti issues
Currently looking at closing on a new home in november/december and do not anticipate selling ours for a month or two after we move. Playing with some DTI calculators I’ll be hovering around 50%. My plan was to recast...