Our Client had an expensive bridge loan that he used to rehab this multi-family building in Michigan. He had been searching for someone that could get him an 80% LTV on his development for a while. The cash flow was currently only allowing him to borrow around 75%. However, he needed more than this to pay off all his investors. We were able to secure him the 80% LTV he needed on a 5 year fixed resetting for another 5 years at 5.15%. He was now able to make all his investors whole and put closure on the project.
Let’s Talk
If you need our help with your development project, have a few questions about bridge loans, or are ready to apply our experts are here for you. Please call us at 847-644-8085 or fill out our short form and we will get back to you within 24 hours.
