BRIDGE FINANCING

Bridge loans are temporary loans that bridge the gap between the purchase of a new property, typically a residential foreclosure that requires 24 hour funding with the objective of replacing it with permanent financing as soon as possible.  When time is of the essence a Private Money Lender may be your best option for fast and efficient financing.  Loans are 100% collateralized by a first position deed of trust and have no prepayment penalties so they can easily fit into your time line toward establishing permanent financing.

Buying foreclosed property requires 100% cash the same day in Nevada and California and by 5:00pm the next day in Arizona after successfully winning a bid on the court house steps.  

It cost $1,500 per month to borrow $100,000.  There are no prepayment penalties, so the goal as a buyer is to line up permanent financing as soon as possible.  The property purchased is used as a first position deed of trust to collateralize the loan.  Private money lending is a fast and efficient way to buy properties through the foreclosure auction process.

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For more information email:  John@1031PropertyWatch.com