commercial lines of credit for real estate investment purposes
Lines of credit
Lines of credit can be secured for real estate needs.The leverage can be from 5X to 10X depending collateral and amount pledged. Typically these lines are funded with hedge funds and have 5 million dollar minimum.
In order for us to present your line of credit request we need:
Personal and business financial statement
Experience in real estate (resume)
use of funds
More will be needed for full underwriting but this would give our funders something to make preliminary offer.
Why Private money or bridge loans?
Private money borrowers are, most often, solid individuals or businesses that have circumstances or opportunities that do not fit well into the rigid structures of long term institutional lendedrs or the need for speedy acquisition. Many of these loans are bridge (short term) situations, used to acquire and stabalize a property or prepare for long term financing or resale.
HOW TO GET BRIDGE FUNDING
GET THE STORY: Private money is about the project. Who are the principles? What is the experience? Is there a planned exit strategy? Who and how will the bridge money be repaid?