Lessons Learned From Short-Term Financing

[Melinda Eilts]

Short-term capital can be a powerful tool when used correctly, but I’m curious about the learning curve.

For investors who’ve used short-term or private funding, what’s one lesson you learned that changed how you approach future deals?

[Kyle Vogeler]

Always give yourself plenty of cushion in the timeline. If you need bridge financing for 6 months, do go to market looking for a 6 month loan. Look for a 1 year loan that has no early payoff fee. There are always hiccups that occur and push back timelines, don't lose a property because of a simple delay!