Sales · Casselberry, FL · Member since 2015 · 6 posts · 0 votes
Hi,
I was doing some research and saw that Bridgewell Capital does a lot of advertising
for hard money lending in my area (Orlando, FL).
I wanted to see if any individual investors have had any experience working with this company in getting hard money loans for a rehab flip property? I was curious what kind of points they charge and LTV percentage they offer on their loans. Trying to do a little legwork before calling them.
I understand a lot of the variables are probably contingent on your personal credit and history of doing flips, but any perspective that can be shared is appreciated.
Feel free to PM me if that is a more comfortable way to communicate.
@Larry Griller I have used Bridgewell Capital personally for my investments and I have sent a lot of my investors to them as well and have been very happy. The percent a points vary from time to time. Depends on how flush they are usually. They will also lend on rehab costs as well. Let me know if I can answer any other questions or if you would like to compare with other lenders our investors use.
Larry,
I'm currently working with Charlie to refi out Bridgewell! I have never, EVER been screwed as hard as Bridgewell has. They not only charged me 4 points for the acquisition, but, according to the HUD, I was billed for the "Repair Credit Line" that they tout out as what sets them apart from their competitors. My advice: stay as FAR!!!!!!! away from Bridgewell Capital as you can get. If you're looking for private/hard money in Florida, go to Dwell Financial, Civic (Charlie), RCN Capital, ANYBODY but Bridgewell!
@Larry Griller I have used Bridgewell Capital personally for my investments and I have sent a lot of my investors to them as well and have been very happy. The percent a points vary from time to time. Depends on how flush they are usually. They will also lend on rehab costs as well. Let me know if I can answer any other questions or if you would like to compare with other lenders our investors use.
Definitely give Charlie a call, sounds like he has a great program.
Just to answer your question though, I haven't done any personal biz with them but having come across their name quite a bit in public records, they do fund quite a lot of deals here in central FL.
@Larry Griller I have used Bridgewell Capital personally for my investments and I have sent a lot of my investors to them as well and have been very happy. The percent a points vary from time to time. Depends on how flush they are usually. They will also lend on rehab costs as well. Let me know if I can answer any other questions or if you would like to compare with other lenders our investors use.
Larry,
I'm currently working with Charlie to refi out Bridgewell! I have never, EVER been screwed as hard as Bridgewell has. They not only charged me 4 points for the acquisition, but, according to the HUD, I was billed for the "Repair Credit Line" that they tout out as what sets them apart from their competitors. My advice: stay as FAR!!!!!!! away from Bridgewell Capital as you can get. If you're looking for private/hard money in Florida, go to Dwell Financial, Civic (Charlie), RCN Capital, ANYBODY but Bridgewell!
My experience with Bridgewell was a great one. They were very flexible with my goals and the draw schedule, making it easy to grow. It wasn't cheap, but if you get a property right, they won't be the reason you aren't successful. If you can't raise private funding, they can help a great deal.
Thanks all for the input. I have considered signing up with them but after this feed back I think I will stay with the other wholesale lenders I am approved with.