Bed&Breakfast 400-500k Bridge Loan.
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  1. 04-10-2017, 04:45 PM #1
    CFSCCorp
    CFSCCorp is offline
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    Bed&Breakfast 400-500k Bridge Loan.

    Scenario:

    Bed & Breakfast out of RI. I have appraisal at 3.3M. Current balance 1.4M.

    Merchant is getting a refi for 2.1M but needs approx 400k-500k in the interim bridge loan or hard money 2nd for renovations/improvements.

    Merchant does not have a commitment letter for her refinance / exit strategy yet. Total CLTV would be under 60%.

    Merchant motivated, direct lenders, please.

    Thanks.
    Last edited by CFSCCorp; 04-10-2017 at 05:09 PM.
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