Looking to move forward with a lender on a deal. How to find good terms? What are good terms?
A bridge loan is a loan that is going to lead you up to permanent financing. It depends really on the size of the project and what is on the property. Land? Single Family? MFH?
Those will change the terms of the bridge loan.
@Roderick Moorehead you may want to check the forum posts on hard money lenders and some of the articles on alternative financing they can provide more answers than id be able to in this response, but simply stated a bridge loan is short term financing
Mr. Smith and Mr. Martel. Thank you both for your help. I will let you know how things go.
A bridge loan can be a project that requires work and one that doesn't require work. Which one applies for you?
If I'm not mistaken, it sounds like you already have a lender? If you let us know what the terms are, we can tell you if it's good.
Hello Mr. Le. I’m sorry I gave that impression. I was reading and didn’t understand what a bridge loan was or it use. Thanks for your help.