All Forum Posts by: George Bronson

Thankfully the lender with expiring loan was open to negotiation. Whew! Got a 30 day reprieve 👍 What a relief!

Eric the fee on expiring HML is $90k (Civic Financial). Ridiculous. I started a Refi in Sept, lender kept saying approved but always some excuse to not send loan docs. Turns out they never contacted escrow since opening in Sept. To this very day, this lender says they’ll fund this week (but aren’t). I gave up on them and went to another HML I used before and like (Anchor), but it’s just taking slightly longer with title. I was thinking a bridge or TF would get Civic paid off until Anchor comes thru (5-10 days), or until I can pay cash at end of the Dec. Goal is to finish rehab, & add 750 sqft guest house as it helps on returns.

Looking for recommendations of companies to temp fund a Hard Money Refi SFR. I need it paid off by 12/1/17 or I get a massive fee. Hard Money is moving forward on refi, but Title may take too long on their side. Hard Money should come through within 5-10 days. Does anyone know of any reliable fast honest lenders that do this kind of thing? Even if Refi falls through, I have a solid backup plan for 30 days out so max range is 5-30 days. I appreciate any recommendations!