Get Money Fast To Acquire, Renovate or Cash Out Property With a Bridge Loan
When looking to acquire residential investment, or commercial real estate, time can sometimes be the deciding factor to whether you get the opportunity to buy that property or someone else does. Or you may be in a situation where you simply do not have the time to wait for a traditional closing, which can take up to 45 days. In addition, you may not be at the top of the CREDIT PROFILE CHAIN either.
In either case, bridge loans through We Lend Money™ are the ideal solution. We provide financing with flexible terms for commercial real estate borrowers whose projects do not meet institutional lenders’ standards or who simply need to act more quickly than traditional lenders are willing to move. It’s simple, costs nothing and you’re under no obligation to Apply for Investor Funding Now
SHORT TERM FUNDING
At We Buy Notes™ we are experienced at helping our clients get the right financing for the situation, which includes short-term bridge loans
Businesses come in all shapes and sizes, the same applies to business notes. When it comes to purchasing a business note we have two requirements before we will consider evaluating the cash value:
– the payor must have 50% equity
– and the balance of the note must be no less than $50,000.
If your believe you have a solid business note to sell but the equity or note balance doesn’t quite fit our requirements we still encourage you to submit the note for a quote because we have made exceptions in the past.
Once we’ve established interest in the note and provide you with a quote, closing is much simpler than that of a real estate note. We’ll start with a basic checklist of documents that we’ll need to close and instructions on securing any documentation that’s either missing or was not addressed at the original closing.
On all business notes it’s important we know the following information before we can evaluate the risk of the note and make a cash offer:
- Is the building owned or leased?If Leased, what is the lease term and extension term?
- What experience does the payor have in this type of business?
- Annual gross revenues?
- Annual expenses?
- Annual net revenue?
- Name of business, address and years in existence?
- Is the note personally guaranteed?
Since we partner with private investors and other, larger lending institutions, we can provide substantial funds in the form of hard money for short periods of time. A bridge loan is ideal for:
» Where cash is needed to keep a company afloat while it is improved
» Large or small real estate purchases or development projects
» Terms depending on the amount of loan and type of product
» Fix and sell – Residential, Multi-Family, Apartments, etc
» Cash out refinancing for quickly needed funds
» Distressed Property Purchases
Your Bridge Loan Needs..
» Purchase to Hold or Cash Out Refinancing for Residential Property(1 to 4 units)
» Purchase to Hold or Cash out Refinancing for 5+ unit Multi- Family Properties
» Purchase to Hold or Cash Out Refinancing-All Property types
» NEW! Our True Asset Based Only Loan Product!
For the best loan rates and program choices fill out our quick, paperless application and receive feedback in 24 hours or less.