Monday, January 17, 2011

Hard Money - Bridge Money - The Fastest Fundings.....

Everyone wants to close fast... we can do amazing things... and VERY QUICKLY when we have a full file. To expedite your closing, we need everything on our BRIDGE MONEY CHECK LIST and our LOAN SUBMISSION FORM completed as thoroughly as possible.

Funders that are most nimble are likely:
1. in the same geographic region as your property
2. going to require an exit strategy that does not involve the sale of the property
3. going to require some sort of cross-collateral to make sure you have an incentive to retire the debt
4. ask that you, at a minimum, pay for a site visit, possibly a "review appraisal"

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