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Hard Money for investors!
Ever say to yourself I would buy that if I had the money? Case closed we will get you the money!
Our lenders are waiting anxiously for the opportunity to fund your loan. They call me every day - "What do you have? I have all of this cash and no loan to put it into, let's go!"
OR "Find me a good person in a bad situation, or a good investor with a good deal and LETS CLOSE IT! I need to lend this money - and NOW!!" They make quick decisions and take immediate action!
Typically we don't need appraisals so we can close fast! We don't need a bank to approve the loans and that saves time. Once we are on the job it happens fast!
We work with individuals as well as Mortgage Brokers - either way it starts right here - fill this form out and you will be contacted in as little as 10 minutes!!! (Likely 1 hour - or next morning for you night owls).
For Hard Money go to www.bridgecapitallending.com and contact Troy Cilio.
 Bridge loans for the homeowner!
To stay competitive in a tight market, some buyers make the choice of securing a bridge loan (also known as a swing loan or bridge financing). A bridge loan covers the gap between the time a buyer closes on their new home and the time in which their old house sells.
Typically a bridge loan is structured as a one year loan. The bridge loan pays off the buyer’s first house with the remaining funds, minus closing costs and six month’s of interest, going toward the down payment for the new house.
If after six months the first house has not sold, the buyer will begin making interest-only payments on the bridge loan. When the first house sells, the bridge loan is paid-off. If the old house sells within the first six months, any unearned interest payments will be credited to the buyer.
This is the typical bridge loan scenario for most buyers. In some cases a buyer may qualify for a bridge loan that simply adds the cost of their new house to their current debt.
The advantage of a bridge loan is that it allows you to make a competitive offer on a house without a contingency clause. The disadvantage of a bridge loan is that it is usually a short-term loan (1 year or less) with high interest rates.
With my knowledge of local market conditions, I can help you determine whether a bridge loan is your best option for making a competitive offer. Let's get together to talk about your options.
For a Bridge Loan go to www.bridgecapitallending.com and contact Troy Cilio.
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