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04-10-2017, 04:45 PM #1
- Join Date
- Jan 2017
- Posts
- 116
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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04-10-2017, 04:47 PM #2
Bed&Breakfast 400-500k Bridge Loan.
I could do a bridge on this for 70% LTV easily, I just want to make sure it's operating and it's not in a rual area - I could possibly do 24 months if needed... and need to see the zoning if it's commercial or residential and how the property as titled..... jerry@insourcefunding.net. 561-318-3104
Last edited by Jstarr; 04-10-2017 at 04:50 PM.
Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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