Updated over 9 years ago on . Most recent reply
Connecticut Banks for Bridge Loan on Unstabilized Apartments
I'm the midst of acquiring an unstabilized 12 unit in the Hartford, CT area. The property will be a cash buy, then hoping to refinance our investors out once stabilized. It will obviously take a good amount of time to stabilize the property for a permanent conventional loan. Does anyone know of any local banks in Connecticut that do bridge loans on unstabilized properties? We would like to get our investor's money out of the deal quicker than it will take to stabilize the property and get a conventional loan. Thanks!