Quick Closing Bridge Loan Lender Needed
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  1. #1

    Quick Closing Bridge Loan Lender Needed

    I have a client with 2 commercial properties worth $2.8M needing a $1.3M bridge loan for 60 days.

    Typically these types of transactions I know take about 30 days to close but I'm hoping for a miracle here. Are their any direct lenders that can close something like this in 10 days or less??? PM me

  2. #2
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    If it's NY/NJ, call me.

  3. #3
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    Quote Originally Posted by SWC View Post
    I have a client with 2 commercial properties worth $2.8M needing a $1.3M bridge loan for 60 days.

    Typically these types of transactions I know take about 30 days to close but I'm hoping for a miracle here. Are their any direct lenders that can close something like this in 10 days or less??? PM me
    All depends on location

  4. #4
    Ohio

  5. #5
    Karen37a
    Guest
    Depends on their credit and if you want the credit checked.. depends on property type...income producing non income ...

    stabilized or distressed? property lifecycle?

    2O lenders depending... 24-hour approval, some with or without prepay penalty...30 days is close

    Also if they have rolling leases...vacancy during renovation etc etc dip or acquisition.

    Is not a simple answer not knowing those factors
    Last edited by Karen37a; 01-25-2018 at 08:11 PM.

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