Tuesday, July 17, 2012

National Commercial Bridge Loans Direct No Advance Fees ...

Winston Rowe & Associate has prepared this article to provide commercial real estate investors with the fundamentals of bridge loans.

Investors seeking additional information about Winston Rowe & Associates and their national bridge lending platform can contact them at 248-246-2243 or visit them online at http://www.winstonrowe.com

Hard money bridge loans are a small corner of the alternative financing niche market. While many of their characteristics are similar to those of typical hard money loans, they have a specific purpose that is much narrower. By understanding how to use these bridge loans, many real estate investors are able to leverage their existing cash and take advantage of the current real estate market.

Bridge loans, by definition, are short term loans meant to bridge a gap during which traditional financing is unavailable. Often times this can be a construction period, or for commercial properties, a stabilization period. These loans are not meant to be long term solutions, but rather short term "bridges" to allow a project to move forward to the next phase.

Winston Rowe & Associates Bridge Loan Criteria:

Minimum Loan Amounts: One Million Dollars
Loan to Value Up To 75%
Interest Rates Start At 10%
Terms Range from One Month to Three Years

These days, many bridge loans made are through private money lenders or advisory firms like Winston Rowe & Associates. Banks and institutions are still conservative in their lending. If a transaction falls outside their strict guidelines, they will not make the loan. By their nature, projects seeking bridge financing do fall outside normal guidelines, and so those in need of this short term financing are turning to hard or private money lenders to provide it.

One of the most common forms of bridge financing these days is the short term rehab or fix and flip transaction. These are typically properties in need of repairs, and often the repairs needed are of the nature that a bank will not make a loan unless the repair is completed.

For real estate investors, this presents an opportunity to purchase a property below market value, obtain short term financing to fix the issues and bring it up to par so the banks will lend on it, then resell the property to a consumer who is then able to obtain bank financing.

In this situation, working with a hard money bridge loan allows an individual to finance a distressed property that the general public cannot obtain financing on. This is a large benefit to working with private lenders, as they do not have the same requirements that the banks do when making loans.

At Winston Rowe & Associates, their primary objective is to provide the most reliable and efficient means of sourcing both debt and equity for your commercial real estate loans. Recognizing that people and relationships drive this business, they are staffed with some of the industry's most committed professionals.

Winston Rowe & Associates has an excellent knowledge based investor resource for commercial real estate valuation and market analysis located at:

http://www.winstonrowe.com/Free_Real_Estate_Resources.html

Winston Rowe & Associates
31408 Harper Ave
Suite 147
Saint Clair Shores MI 48082
248-246-2243

Winston Rowe & Associates provides no upfront fee commercial financing in the ensuing 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

Source: http://www.realestateglobalnetwork.com/xn/detail/2211201%3ABlogPost%3A239583

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