California -Construction/Bridge Loan $50,000-$100,000.00 for residential renovations
Need a Funder or Vendor? START HERE

Results 1 to 2 of 2
  1. #1
    Member Reputation points: 31
    Join Date
    Apr 2017
    Location
    Orange County, CA
    Posts
    90

    California -Construction/Bridge Loan $50,000-$100,000.00 for residential renovations

    Anyone do any type of residential loans for additions. I need someone who can provide financing for a homeowner who wants 100k for 3-6 months while the addition is being built and until they are able to complete the refinance.

  2. #2
    Member Reputation points: 633
    Join Date
    Feb 2017
    Location
    Fort Washington, PA
    Posts
    37

    If it is a non-owner occupied investment property, in which case the borrower owns the property and is renovating it. I can offer a cash-out refinance, short term bridge loan with interest only payments up to a 75% LTV of the property value, then once the property is completed, we can refinance into our Perm 30 year program, based on a 70% LTV of the appraisal value. You can earn up to 5 points on each of the refinance loans through us. Reach out to me, Scott at 215-619-2543.
    Scott Buchholz
    Account Executive
    Velocity Mortgage Capital
    215.619.2543 Direct
    sbuchholz@velocitymortgage.com

Similar Threads

  1. Replies: 9
    Last Post: 09-01-2020, 04:00 PM
  2. Construction AR for Residential Plumber
    By CFObyDesign in forum All Other Lending
    Replies: 1
    Last Post: 05-09-2017, 05:12 PM
  3. Residential Bridge Loans
    By tfgroup in forum All Other Lending
    Replies: 0
    Last Post: 03-21-2016, 02:14 AM
  4. Construction needs a 3 week bridge
    By Christian in forum Deal Bin
    Replies: 2
    Last Post: 10-18-2015, 07:07 PM
  5. Commercial & Residential Mortgages- Refi, Purchase, Construction and Cashout
    By HorizonFinancialGroup in forum Merchant Cash Advance
    Replies: 13
    Last Post: 03-25-2014, 03:06 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Lendica partners w/ EBizCharge
Pipe plans to fund $1B to SMBs
URBN partners with Stripe


DIRECTORY