1.525MM BRIDGE LOAN NEEDED - DIRECT LENDERS ONLY

Here it is... Remember that he has Deals on the table from 6.5%-11% with at least 2.5Pts. Jay needs a Bridge Loan for $1.525MM Approximately (4) Month TerM.. The Property has been Appraised for 3.05MM. A new Appraisal has been ordered and should come in for $3.5MM. The Other Lenders have Longer Terms. Please see the Attached Folder with all of the Documents that I have.

The Purpose of this Loan is to Satisfy the Recent NOD AND BRIDGE INTO A NEW LOAN THAT HAS BEEN APPROVED BASED ON SATISFYING THE NOD...

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Permalink Reply by Bryan Danocup on December 14, 2016 at 12:08pm

Please Email me Danocupbryan30@gmail.com I could not download or see the attachments

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Permalink Reply by Rich Coppage on December 17, 2016 at 3:55pm

If you've got a property worth 3.5MM, why are you having trouble finding a $1.5MM loan with a 4 month term? And if he has deals on the table, most lenders will negotiate the term of the loan down to at least 6 months in my experience.

Rich Coppage
DerCam Capital Advisors

“A Stryde/GMG Agency”
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