Updated over 3 years ago on . Most recent reply
Can I use bridge loan for downpayment for multifamily apartment?
Is it possible to pay for a down payment on a multifamily apartment using a bridge loan? I don't have enough money to buy a 15-unit apartment in Texas; I only have about 15%. I had the notion of using a bridge loan as a down payment, then rehabbing the property and raising the rentals to market value before refinancing.