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Updated 4 days ago on . Most recent reply

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Corey Rush
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Short-Term Bridge Loan on $1.25M+ Equity in NC Residential Assets - Business Sale Exi

Corey Rush
Posted

I'm an property owner looking for a short-term bridge loan to cover an immediate cash need while finalizing a business sale (expected closing in the next 3-6 months). My credit has dipped temporarily due to focusing on the sale and keeping cash reserves low, but I have strong real estate equity to secure the loan. This isn't a flip—it's a straightforward bridge to hold assets until repayment from sale proceeds (with refi or property sale as backup).

Key Details on Collateral:

- Primary single-family home in NC with ~$800k in equity (after existing HELOC/HELOAN).

- Second property with ~$150k in equity.

- Adjacent 2-acre free-and-clear land parcel (clean title, valued ~$500k on parcel map and tax assessed.

- Total equity: ~$1.45M+, offering solid LTV cushion.

Loan Specs I'm Seeking:

- Amount: $200k-$500k

- Term: 6-12 months, with possible extension.

- Structure: Interest-only preferred; open to 10-15% interest and reasonable points.

- Use: Bridge emergency obligations until business sale funds hit.

If default occurs, lender would have claim on the collateral via foreclosure/deed. I have property docs, recent value comps, and business sale timeline ready for quick due diligence. Happy to discuss custom terms or provide more info via DM.

Appreciate any leads, advice, or direct interest from private lenders/investors here. Thanks!

Corey

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