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01-24-2018, 04:49 PM #1
- Join Date
- Jul 2017
- Posts
- 5
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
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01-24-2018, 04:57 PM #2
- Join Date
- Feb 2017
- Posts
- 3,411
If it's NY/NJ, call me.
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01-24-2018, 07:47 PM #3
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01-25-2018, 04:12 PM #4
- Join Date
- Jul 2017
- Posts
- 5
Ohio
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01-25-2018, 08:04 PM #5Karen37aGuest
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 factorsLast edited by Karen37a; 01-25-2018 at 08:11 PM.
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