Winston Rowe & Associates, a no upfront fee finance and advisory firm receives many inquiries from real estate investors every day concerning hard money bridge loans for their commercial properties from around the country.
Most are surprised by the more extensive supporting documentation for the initial due diligence and subsequent underwriting process.
This news article addresses the best uses for commercial real estate bridge loans and what real estate investors should expect when applying.
Commercial real estate investors who would like more information about Winston Rowe & Associates commercial bridge loan financing can contact them at 248-246-2243 or email to; firstname.lastname@example.org
Also investors can check them out online at http://www.winstonrowe.com
What is a commercial bridge loan?
Fist thing to understand about bridge loans is that they are short term loans. Generally between 12 to 36 months with interest rates at double digits.
The advantage of commercial bridge financing is that they fund very quickly, weeks not months and in some cases a bridge loan can be funded in just a few days.
Winston Rowe & Associates uses a best business practices streamlined business model that enables clients to quickly submit a bridge loan request for consideration, before they need to provide the bulk of the supporting documentation.
The most common reasons for bridge financing are the ensuing:
• Distressed real estate acquisitions
• Opportunistic purchases
• Chapter 11 Debtor in Possession (DIP) exit financing
• Bank Payoff Discounted note (DPO) financing
• Upcoming balloon payment
• Cash out refinance
• Repositioning a commercial portfolio
Winston Rowe & Associates provides no upfront or advance fee commercial real estate asset back bridge loans in the following states.
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin, Wyoming