Forgotten Your Password?

Need to Register?

Question Icon

Do you do bridge loans until I sell my property?

by izheery264 from , . Jul 2nd 2013 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Bridge loans are absolutely still being offered, however it's in the commercial/hard money market predominately. They are typically used for investors who don't want to miss out of a good deal, so they get a bridge loan while working on long term financing, however, if your property is listed for sale, then it's unlikely any lender who offers these types of loans would lend you money.. and if they did, it would be very expensive.. that being said, if you wish to inquire, the best source is Scotmanguide.com There you can search for lenders nationwide.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Jul 2nd 2013
1
0
Richard Airey (richardairey)
#3 ranked lender in Maine - 662 contributions

Bridge loans are hard to find these days. Which state are you in?

Jul 2nd 2013
0
0
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Bridge loans are absolutely still being offered, however it's in the commercial/hard money market predominately. They are typically used for investors who don't want to miss out of a good deal, so they get a bridge loan while working on long term financing, however, if your property is listed for sale, then it's unlikely any lender who offers these types of loans would lend you money.. and if they did, it would be very expensive.. that being said, if you wish to inquire, the best source is Scotmanguide.com There you can search for lenders nationwide.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Jul 2nd 2013
0
0
Subscribe to our news feed.