As a mortgage banker, I often get asked about the Freddie Mac Small Balance Loan Program for Multifamily Properties. Its a great program so here is an overview for people that are interested in learning more.Freddie ...
Hi, I have a borrower who is looking for a short term cash out no doc loan in Philadelphia, PA. He is planning to do touch up work then sell his investment property. Anyone know if this loan is available and who I cou...
I'm trying to close on a commerical refi cash out bridge loan with a lender when I found the following 2 questionable clauses.I asked the lender to remove them but he insisted that it was for the purpose of making sur...
BP,I've been contemplating writing this for a while now, but after the dust settled on my recent purchase from Bridge Turnkey in KC, I thought it's time to share. I'll try to be brief. No, never mind, I can see alread...
If I use a hard money loan for the acquisition, would I leave the "cash price" unchecked? If I check the box I have all the drop downs I would use except for the amortization years. Unless I am supposed to put 1 year,...
Good afternoon BP,Anyone execute a 1031 exchange lately with a bridge loan? Just interested in the details. Planning to possibly execute one in Sep, and with our exchange we might be 50k short of the lenders requireme...
How does commercial underwrites calculate DSCR with no direct way to verify NOI? I want to purchase an off-market, single tenant, and vacant bank building but there is no rent roll. It was originally built by the ban...
"At Sherman Bridge Lending, it’s possible to go to the moon and back in three days, like a Cosmonaut"I contacted Sherman Bridge Lending because I was stuck in a very difficult situation. I found a duplex to buy but di...
What is the best loan to use for a fix and flip
I received a notification this week that Zillow is migrating all of their Zillow Data API accounts over to their Bridge Interactive Data API starting September 2020. They stated that I needed to request access to th...