Looking for a Bridge Loan

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Looking for a Bridge Loan

Zane Cress
Realtor · Athens, GA · Member since 2023 · 201 posts · 104 votes

Currently have quotes on a DSCR but looking for a 12 month bridge option. MoFin has been unusually bad about responding so I am seeking someone who can pull something off by April 1. If you're a GA lender let's connect.

Deal - 775k house in prime location well under market value.  1031 Exchange funds ready to deploy for down payment. 

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  • Erik EstradaBusiness Member
    Lender · Los Angeles, CA · Member since 2022 · 7k+ posts · 1k+ votes
    2y
    Quote from @Zane Cress:

    Currently have quotes on a DSCR but looking for a 12 month bridge option. MoFin has been unusually bad about responding so I am seeking someone who can pull something off by April 1.

    Deal - 775k house in prime location well under market value.  1031 Exchange funds ready to deploy for down payment. 


     Hey Zane, 

    What is the requested loan amount? If it is a 70 LTV loan, this could be possible with a desktop appraisal.

    [email protected]818-269-7983
    LuxePrivate Investments LLC 571 Reviews
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    0Reply
  • Zane Cress
    OP
    Realtor · Athens, GA · Member since 2023 · 201 posts · 104 votes
    2y
    Quote from @Erik Estrada:
    Quote from @Zane Cress:

    Currently have quotes on a DSCR but looking for a 12 month bridge option. MoFin has been unusually bad about responding so I am seeking someone who can pull something off by April 1.

    Deal - 775k house in prime location well under market value.  1031 Exchange funds ready to deploy for down payment. 


     Hey Zane, 

    What is the requested loan amount? If it is a 70 LTV loan, this could be possible with a desktop appraisal.


     Sent you an email

    0Reply
  • Jay HurstBusiness Member
    Lender · Dallas, TX · Member since 2017 · 1k+ posts · 1k+ votes
    2y
    Quote from @Zane Cress:

    Currently have quotes on a DSCR but looking for a 12 month bridge option. MoFin has been unusually bad about responding so I am seeking someone who can pull something off by April 1. If you're a GA lender let's connect.

    Deal - 775k house in prime location well under market value.  1031 Exchange funds ready to deploy for down payment. 


     We lend out of our balance sheet in GA so make bridge loans there.  But, why are you looking for a bridge instead of long term financing? 

    Hurst Real Estate, INC4.986 Reviews
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    0Reply
  • AJ ExnerPro Member
    Lender · Springfield, MO · Member since 2023 · 663 posts · 320 votes
    2y
    Quote from @Zane Cress:

    Currently have quotes on a DSCR but looking for a 12 month bridge option. MoFin has been unusually bad about responding so I am seeking someone who can pull something off by April 1. If you're a GA lender let's connect.

    Deal - 775k house in prime location well under market value.  1031 Exchange funds ready to deploy for down payment. 


    Hey Zane,

    Should have plenty of bites with that, but is the need for a bridge because of the timeline (needing by April 1) or for another factor? Are you planning on it being a Short-Term Rental? Is the end goal to put it into long term financing? Is it 5+ units (many standard bridge lenders are capped at 1-4 units). 

    Would love to help you but we would certainly need some more information as well as what kind of leverage you are needing to fully utilize the 1031. 

    Sent you a DM, but good luck regardless!

    [email protected]417-427-2612
    0Reply
  • Jacob Sherman
    12 Penns Trail Suite 138 Newtown, PA 18940 · Member since 2023 · 1k+ posts · 319 votes
    2y

    Am able to assist with both bridge and DSCR . We specialize in bridge, fix and flip, ground up construction and DSCR going upto 100 units . No income No Doc

    0Reply
  • Andrew Zamboroski
    Lender · Member since 2021 · 500 posts · 131 votes
    2y
    Quote from @Zane Cress:

    Currently have quotes on a DSCR but looking for a 12 month bridge option. MoFin has been unusually bad about responding so I am seeking someone who can pull something off by April 1. If you're a GA lender let's connect.

    Deal - 775k house in prime location well under market value.  1031 Exchange funds ready to deploy for down payment. 

    Happy to take a look!
    0Reply
  • Joe Dillamore
    Lender · Greenville, SC · Member since 2023 · 39 posts · 6 votes
    2y

    @Zane Cress I'm based 1h30 away in Greenville SC, but work with a host of lenders that lend in GA, including a few local. That timeline shouldn't be an issue with a good lender

    0Reply
  • Simmy AhluwaliaPro Member
    Lender · Atlanta, GA · Member since 2015 · 1k+ posts · 200 votes
    2y

    @Zane Cress - we are ATL based, and can close pretty quickly IF we like the deal.  Feel free to reach out.

    0Reply
  • Givo Aghasi
    Lender · Los Angeles, CA · Member since 2022 · 238 posts · 73 votes
    2y

    @Zane Cress Happy to take a look! We specialize in bridge, fix and flip and DSCR loans.

    0Reply
  • Salvador Auciello
    Lender · Irvine CA · Member since 2019 · 71 posts · 22 votes
    2y

    For speed do you already have an appraisal done? This will make it very easy to close.

    We can do bridge loans on multifamily 5+ units. 

    We also do DSCR loans for multi family.

    Lets connect.  We are a Nationwide Direct Lender and wholesale lender. 

    Ill send you a DM

    0Reply
  • Sophia Buesing
    Lender · Denver · Member since 2023 · 127 posts · 26 votes
    2y

    Would love to help!

    0Reply
  • Zane Cress
    OP
    Realtor · Athens, GA · Member since 2023 · 201 posts · 104 votes
    2y
    Quote from @Zane Cress:

    Currently have quotes on a DSCR but looking for a 12 month bridge option. MoFin has been unusually bad about responding so I am seeking someone who can pull something off by April 1. If you're a GA lender let's connect.

    Deal - 775k house in prime location well under market value.  1031 Exchange funds ready to deploy for down payment. 


     Thank you for the replies. Got it done with Easy Street Capital. Came through quickly and it worked out great. Thanks Zachary Deal for the help. 

    1Reply
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