Seeking 3 Month Bridge Loan

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Seeking 3 Month Bridge Loan

Investor · Austin, TX · Member since 2021 · 497 posts · 127 votes

Hey Houston investors! I am looking for a 3 month bridge loan for my permitted land in Houston, TX. 

I am making a few adjustments to the building plans for the land and need to buyout my current investors. Please contact me if interested! 

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Simmy AhluwaliaPro Member
Lender · Atlanta, GA · Member since 2015 · 1k+ posts · 200 votes
10mo

Matthew, what's the as-is value of the dirt, how many acres, and what loan amount are you seeking?

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  • Simmy AhluwaliaPro Member
    Lender · Atlanta, GA · Member since 2015 · 1k+ posts · 200 votes
    10mo

    Matthew, what's the as-is value of the dirt, how many acres, and what loan amount are you seeking?

  • Investor · Austin, TX · Member since 2021 · 497 posts · 127 votes
    10mo

    Thanks for your response, Simmy.

    The value of the land is $215,000.

    I already have plans and permits to build six 3-story single-family homes, but I want to build 2-story homes. I am looking for a loan amount of $215,000 in first position for 3 months while I get the new permits and plans. 

  • Reginald TrussPro Member
    Lender · Toledo, OH · Member since 2015 · 1k+ posts · 96 votes
    10mo

    **“Matthew, appreciate the transparency here. Before anyone jumps in with numbers, a quick sanity check will save you time: What’s the buyout amount you need to cover, what’s the land’s current value as-is, and is there a recorded lien from the existing investors?

    I work with several private capital sources who lend on short-term bridge positions exactly like this provided the exit is real and the collateral is clean. If the numbers pencil, I can point you toward a fast solution.

    Drop the details and we’ll see if this is something my partners want to move on.”**

  • Investor · Austin, TX · Member since 2021 · 497 posts · 127 votes
    10mo

    I need to buy the investors out for $215,000. They have a first position lien. The project value is $1,900,000. 

    The land value is around the same as the lien.

  • Member since 2025 · 146 posts · 4 votes
    10mo

    Sent you a text, Matthew

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