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Blog image: What is a Bridge Loan?

What is a Bridge Loan?

A bridge loan, which can also be called a hard money loan, is a type of “swing” or short-term loan used by a company or private individual until permanent financing can be secured. The term is derived from the basic premise that these types of loans “bridge” the gap between the borrowers need for immediate capital for such instances as bill payment and costs arising from the closing of a long-term finance package or pending investment deal. Usually offered for terms ranging from 12 months to 36 months – with amounts ranging from $1 million to $25 million &ndash...

April 10th, 2017 What is a Bridge Loan?

Blog image: Construction Loans: Learning The Basics

Construction Loans: Learning The Basics

Construction loans can be a bit complicated. Many people naturally assume they are similar to a mortgage loan, when in fact, these types of loans are very different, can be a little confusing, and, as mentioned above, a bit complicated. There are certain things that you need to keep in mind before you decide to secure one of these loans. What are Construction Loans used for? Construction loans differ from a traditional mortgage loan primarily since construction loans are secured before the home or commercial site building has begun. While a traditional mortgage loan is used for the purch...

April 4th, 2017 Construction Loans: Learning The Basics

Blog image: Hard Money Loans... what are they?

Hard Money Loans... what are they?

A hard money loan is a term that is used often, though most people are not 100% sure what the term really means. With so many different definitions floating around out there it’s hard to really know which one is correct. A hard money loan differs from a traditional bank loan: the borrower taking out the loan usually has very little collateral and is deemed to be too high risk for traditional lending institutions. The money is usually loaned from a private business or investor and is given based on the applicant’s current property value, taking into account the borrower&rsquo...

April 3rd, 2017 | hard money loans, hard money loans tucson, Hard Money Loans... what are they?

Hard Money

New lender wants to get the money out. This is a good bridge loan for turn around properties. They will consider $2M to $20M on multi-family, commercial and pre-development land. 

October 10th, 2013 Hard Money

Hard Money Funded

We funded a hard money loan for a borrower who was not able to secure financing through conventional resources. The loan is fully amortized over 15 years. The lender and borrower are very happy.

September 11th, 2013 | Mobile Home Park, Hard Money Funded

Realtor and Mortgage Broker

I am asked many times how I am able to sell real estate and provide loans. The answer is simple. In the state of Arizona one must be licensed to sell real estate and licensed to provide loans. I am a real estate broker and mortgage broker. Why, how can that be. Simple. If you qualify for the licenses in Arizona you can provide both services provided full disclosure is provided on the sales contract. FHA forbids a lender acting as the broker on the same transaction. I have 37 years of experience as a lender which is first and foremost in my business. Real Estate is an ancillary service provided...

September 11th, 2013 Realtor and Mortgage Broker

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