Sentences with phrase «such as a bridge loan»

Borrowers whose qualifications are lacking — or who are purchasing properties that need renovation — should consider alternative options, such as a bridge loan or a hard money loan.

Not exact matches

In the realm of commercial real estate, a bridge loan is typically used until more permanent financing, such as a mortgage, can be arranged.
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Like their name implies, bridge loans are meant to «bridge the gap» until a borrower can get more permanent financing, such as a mortgage or term loan.
We provide private, short - term California direct hard money loans for real estate investors for various real estate transactions such as fix and flip / rehab loans, trustee sale refinances, distressed property loans (REO loans, short sale loans, foreclosure loans), hard money business loans, real estate auctions that allow financing, private party transactions, estate, probate and trust loans, residential construction loans, cash out refinance loans, subprime loans, reverse mortgage refinance loans, bridge loans and other investment property loans.
In the realm of commercial real estate, a bridge loan is typically used until more permanent financing, such as a mortgage, can be arranged.
Moving a business: You might take out a commercial bridge loan when you move your business to a new venue, such as storefront, office or food truck.
Because bridge loans were seen as easy money by banks, the market to make such loans became very competitive.
Banks, a primary source of short - term financing such as construction loans and bridge financing, have won the support of the Fed and the U.S. Treasury Department to be allowed to enter real estate brokerage and property management.
However, since HUD requires borrowers to put down a minimum of 3.5 percent, they can access bridge - loan assistance only for other upfront expenses such as closing costs, an interest - rate buy - down, or a portion of the downpayment above 3.5 percent.
Transactions that are not covered by the ATR include an open - end credit plan, timeshare plan, reverse mortgage, or temporary loan (such as a construction or bridge loan).
An experienced and reputable rental property lender will provide access to financing facilities created specifically for real estate investors, such as 5 - year or 10 - year fixed portfolio term loans, 30 - year fixed single asset term loans, or acquisition / bridge lines of credit for fix and flips.
NCCM provides real estate backed first lien bridge loans on operating properties where the borrower or the property does not meet traditional commercial banking lending standards due to extenuating circumstances such as tenant vacancy or prior bankruptcy.
Historically, bridge loans have been used by borrowers when acquiring properties or in those situations where the borrower wants cash out for some reason, such as a partner buyout.
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