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Updated 8 days ago on . Most recent reply

Saravanan Raju's profile image
Saravanan Raju's profile image
Saravanan Raju
  • Member since Mar 21, 2020

User Stats

7
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Saravanan Raju's profile image
Saravanan Raju's profile image
Saravanan Raju
  • Member since Mar 21, 2020
Saravanan Raju
3
Votes |
7
Posts
Private Lending & Conventional Mortgage Advice

Cash out Investment Home

Saravanan Raju
Posted

I have an investment property (knocked down and) newly constructed and put on sale in Edison,NJ clear of any mortgages or liens. Have got a Temporary CO too. Property values above a million. Instead of waiting for the sale to complete I would like to cash out about 400K. Can't go for conventional refinance loan since my credit card utilization is high. 

Is Bridge Loan the only option?

Jersey City, New Jersey
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