Anyone have experience w/ hard money loan from Bridgewell Capital

Anyone have experience w/ hard money loan from Bridgewell Capital

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.

Thanks in advance.

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Rental Property Investor · Asheville, NC · Member since 2015 · 307 posts · 127 votes
10y
Originally posted by @Dan Oliver:

@Larry 

@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!

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  • Lender · Las Vegas, NV · Member since 2015 · 2k+ posts · 1k+ votes
    10y

    If you would like another option, please let me know.  We are very strong and extremely competitive and I'd be happy to assist you.

  • Lender · Las Vegas, NV · Member since 2015 · 2k+ posts · 1k+ votes
    10y

    Oh, and we have no variables based on personal credit...we're completely asset based.

  • Residential Real Estate Agent · Orlando, FL · Member since 2015 · 139 posts · 106 votes
    10y

    @Larry 

    @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.

  • Investor · Lakeland, FL · Member since 2015 · 344 posts · 606 votes
    10y

    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.

  • Portsmouth, VA · Member since 2015 · 330 posts · 191 votes
    10y

    Do they loan only in Florida. I'm in upstate NY. 

  • Sales · Casselberry, FL · Member since 2015 · 6 posts · 0 votes
    10y

    Thanks David for your response.  I will give them a call and see what they have to offer.

    Regarding your question Mike, according to their website, they don't do loans in NY.

  • Rental Property Investor · Asheville, NC · Member since 2015 · 307 posts · 127 votes
    10y
    Originally posted by @Dan Oliver:

    @Larry 

    @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!

  • Multifamily Syndicator · Houston, TX · Member since 2016 · 1k+ posts · 2k+ votes
    10y

    @Charlie Fitzgerald I will like to learn more about your Buy & Hold products. I will send you a colleague request. Thanks! - Ola 

  • Lender · Tampa, FL · Member since 2014 · 97 posts · 56 votes
    9y

    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.

  • Melvin ListBusiness Member
    Lender · Tampa, FL · Member since 2016 · 1k+ posts · 381 votes
    9y

    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.

    C2 Financial
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