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Updated 19 minutes ago on . Most recent reply

User Stats

31
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Joe Shields
  • Rental Property Investor
  • Nashville, TN
7
Votes |
31
Posts

Looking for 30-45 day bridge loan

Joe Shields
  • Rental Property Investor
  • Nashville, TN
Posted

I’m looking for a short-term bridge loan ($150K-$200K) to help cover the final stretch before a cash-out refinance closes.

Property: Mixed-use short-term rental + bar/event space

Location: Nashville, TN

Appraised Value: $4.6M (recent commercial appraisal)

Gross Income: $50K+/month

Total Existing Debt: $2.1M

Equity Position: ~$2.5M+

Timeline: Refinance is already in progress, with closing expected within 30 days or less. Ideally looking to secure funds by the first week of July.

Bridge Loan Amount: $150K - $200K

Term: 30–60 days

Use of Funds: To bridge short-term cash flow needs until the refinance closes, and to finalize furnishing and operational enhancements to maximize revenue.

Collateral Options:

- 2nd lien position on the Nashville property, or

- Cross-collateralization with another property I own in New York

Looking for

Most Popular Reply

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4,306
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1,356
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Erik Estrada
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
1,356
Votes |
4,306
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Erik Estrada
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
Replied
Quote from @Joe Shields:

I’m looking for a short-term bridge loan ($150K-$200K) to help cover the final stretch before a cash-out refinance closes.

Property: Mixed-use short-term rental + bar/event space

Location: Nashville, TN

Appraised Value: $4.6M (recent commercial appraisal)

Gross Income: $50K+/month

Total Existing Debt: $2.1M

Equity Position: ~$2.5M+

Timeline: Refinance is already in progress, with closing expected within 30 days or less. Ideally looking to secure funds by the first week of July.

Bridge Loan Amount: $150K - $200K

Term: 30–60 days

Use of Funds: To bridge short-term cash flow needs until the refinance closes, and to finalize furnishing and operational enhancements to maximize revenue.

Collateral Options:

- 2nd lien position on the Nashville property, or

- Cross-collateralization with another property I own in New York


 Do you have another property to pull from? This will be far easier to facilitate than a Mixed-Use Short term rental. 

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