Best Place To Buy Investment Property In Michigan
Home Michigan is a state that offers a range of vibrant real estate markets, making it an attractive destination for property investors. Whether you’re looking
Bridge Lender Benefits:
* Up To 90% of Purchase
* 100% of Rehab
* Up To 75% of ARV
* Fix and Flip Loans
* Commercial Real Estate Loans
* Multifamily Loans
* Purchase, Refinance and Cash Out Refinance
APPLY NOW!
Commercial bridge loans are a short-term commercial real estate financing option that can provide temporary financing to help sustain cash flow until you improve, refinance, lease up, sell, or complete the construction of a commercial property without compromising long term ROI.
Some ideal uses of a bridge loan:
Fix To Flip Loans
90% of Acquisition, 100% of Fix Up.
Multifamily up to 100% Financing
Call now with your scenario 800-826-5077
BRIDGE LOAN LENDER – FIX AND FLIP LOANS
Bridge Loans Custom Built For Real Estate Investors!
what is a Bridge Loan
A bridge loan is a short-term loan used to bridge the gap between buying the purchase of your property and selling or refinancing your property..
Sometimes you want to buy quickly in order to obtain a better purchase price and in other cases your may need additional capital for rehabbing your investment property.
How Do I Get 100% Financing
There are 2 key ways to get a 100% bridging loan – by using another asset to provide extra security, or buying undervalue.
Offering the lender additional security is the best way to get a 100% and some lenders still allow for secondary collateral in lieu of a down payment..
As one of the best bridge loan lenders in the US we are able to offer Up to 90% of the purchase and 100% of the rehab interest only loan.
APPLY NOW!
What Are The Pros and Cons of a Bridge Loan
*Fast underwriting and closing times
*High leverage allowing for a lower down payment
*Additional capital for fix up and repairs
*No pre-payment penalty
*These loans may have higher percentage rates
*Bridge Loans are for shorter periods requiring a sale or refinance within 1 to 3 years.
How Long Does It Take To Get A Bridge Loan
A realistic timescale for a bridge loan is 5-10 days, with 7-14 being far more common.
For more information on Hard Money Loans CLICK HERE!
Hard Money Bridge Loan Lender Features
The application process for traditional loans tends to be longer if made through a bank. It may take several days to a couple weeks before you get the approval or even a response back.
If you get a bridge loan with us, you do not need to wait. You can receive the amount after a few days and start your project as soon as possible.
We base your application’s approval on the real estate’s value. “The asset value” While banks look into your FICO credit score and debt-to-income levels, we do not solely make your credit history a basis. Instead, we look primarily into the investment property’s value, giving you a higher chance of fast approval.
A bridge loan does not always require your monetary payment. You can repay it through the property once it is refinanced or sold without having to shell out your own money. Most bridge loans require an interest only payment with no pre-payment penalty.
You can avail of a bridge loan for as low as 6.95% interest rates. There are no hidden fees that come with the loan. A “Hard Money” bridge loan rates today Dec 2022 are typically 9-13% interest. Still pretty good when the best home loan rates today are 6.5% principal and interest.
Traditional financing for investment properties require a history of tenant payments. But, as is often the case, the property owner is interested in renovating the vacant property and attracting new tenants to scale up the rent roll and value. Once these tenants are in place, owners must spend some time to stabilize the income they receive.
At CambridgeHomeLoan.com our bridge loans provide the means to complete the transaction with enough time to stabilize the property. Banks require a history of tenant payments, making it difficult to maintain that stabilization. We offer a quick close and flexible terms that give you ample time for renovations and stabilization.
We are as good as cash. And with no limits on the number of properties or bridge loans, you can leverage one building or your entire commercial portfolio. Apply Today https://www.cambridgehomeloan.com/bridge-loan-application/
As the nations #1 Bridge Loan Lender, CambridgeHomeLoan.com can help with your real estate financing!
Bridge Loan Lender, Bridge Loans, Fix and Flip Loans, Hard money loans, Ground up construction loans
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