Hard Money Bridge Loans
Posted September 11th, 2008 in BorrowersWe have some aggressive private investors willing to fund short term hard money loan scenarios that other hard money lenders won’t. We are providing funding to pay off construction loans,and give the borrower/builder time to sell. Commercial or Residential. No O/O.These hard money bridge loans are for projects that have up to 65% equity after our loan is placed. We can take 1st or 2nd position. Loan amount not to exceed 5M. Minimum depends on private investor and hard money loan scenario. We can also save your purchase money loan, that is out of time, but still only up to 65% LTV. Large downpayment would be required. Another scenario would be a loan matured but borrower needs time to clean up credit issues before he can refinance. Just call and I can discuss with you if we can help with your hard money scenarios.
Colleen Bigler