Apartment Rehab Loans for Distressed Properties - IFP EP#103

https://investorfinancingpodca...

The most common uses of bridge loans are to quickly purchase a property when all cash isn’t an option. The frequent advantage to bridge loans is that they often close very quickly and are based more on the value of the property than anything else. Other types of loans are often heavily based on the income a property generates and heavy analysis. Because of this lack of necessity of analysis, a bridge loan can close much faster than a traditional loan.

Apartment bridge financing is extremely useful for non-stabilized properties and heavy rehab projects. Another common use is for adaptive reuse projects. Converting an office-building into an apartment for an example.