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Bridge Loans
are done by both institutions and
through private sources. It all
depends on the deal and how much
time the borrower has.
For
deals that need to be done in less
than 30 days - you are looking for a
private
money deal.
If
you have time and you are trying to
stabilize a property - contact us.
We might be able to go with a .85:1
DCR and get you an aggressive LTV.
We offer
rehabilitation (rehab loans) loans
in Los Angeles County and throughout
California. Most our lenders require
35% - 50% down and offer a rate
reduction when the property is
stabilized.
A bridge
loan is needed when you are seeking
short term financing for a property
that needs some work. Maybe you are
buying an apartment building that
has significant deferred
maintenance. Or maybe it is an
office building that has below
market rents because the owner kept
the tenants on month to month leases
and has not updated the property in
20 years. When your construction or
value added component is done this
loan is usually taken out by
Permanent Financing.
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