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Andrew Page
  • Medway, MA
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Should I get a Bridge Loan?

Andrew Page
  • Medway, MA
Posted Nov 2 2017, 06:50

I'm in the process of selling a multifamily home and buying a piece of land at the same time. The profit I make on the home sale will cover the land cost ($227,500). But of course, the closing will most likely not line up. I have the option of getting a land loan from a local bank here in Massachusetts but don't want to do that if I only need this money for a short time (1-2 months). 

Who here has worked with Private Money lenders? What would you recommend I do in this case? Are there private money lenders you would recommend? 

Thanks so much for the help!

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