Bridge Loan Arizona- What are the things to remember while applying Bridge Loan?

Bridge Loans Are Approved And Funded Quickly

Real estate investors who haven’t previously used Bridge Loan Arizona are amazed at how quickly a bridge loan is funded compared to banks. Bridge  loans can be funded with 3-5 days if needed. Compare that with 45+ days it takes for a bank to fund. This speedy funding has saved numerous real estate investors who have been in escrow only to have their original lender pull out or simply not deliver.  It is also ideal for real estate assets that have a rehab component. There are perfect situations for a bridge lender to step in, provide financing quickly and save the deal.

Bridge Loans Have Few Requirements 

Banks also have a list of issues that will raise a red flag and prevent them from even considering lending to a borrower such as recent foreclosures, short sales, loan modifications, and bankruptcies. Bad credit is another factor that will prevent a bank from lending to a borrower. Most banks will not lend to a borrower who already has 4 mortgages even if the borrower’s credit is perfect with no other issues.

Bridge Loans Provide Funding For Projects That Cannot Be Financed Elsewhere

Bridge Loans provide many loans to commercial real estate assets that conventional lenders such as banks have no interest in financing. A good example of this is a fix and flip loan. These projects involve a real estate investor purchasing a property with a short term loan so that the investor can quickly make the needed repairs and updates and then sell the property. In most cases, the real estate investor only needs a 12 month loan. A 12 month term doesn’t work with a bank’s business model. Banks want to lend money for the long term and are happy to make a small amount of interest over a long period of time.

About Arizona–

Arizona, a southwestern U.S. state, is best known for the Grand Canyon, the mile-deep chasm carved by the Colorado River. Flagstaff, a ponderosa pine–covered mountain town, is a major gateway to the Grand Canyon. Other natural sites include Saguaro National Park, protecting cactus-filled Sonoran Desert landscape. Tucson is University of Arizona territory and home to the Arizona-Sonora Desert Museum. Arizona is one of the best places to start a new life. Most of the cities in the state are habitable when you consider human factors such as cost of living, job opportunities, and quality of health and education. Moreover, the state has an extensive transport network. Besides the great weather, the stunning landscape, endless activities and the chance you’ll spot an alien aircraft. Arizona’s economy is outlandishly strong. And, coupled with a low cost of living makes Arizona a great state for young professionals looking to get their start or retirees looking to settle down.

We are serving all the locations of Arizona including Phoenix, Tucson, Mesa, Chandler, Scottsdale, Glendale, Gilbert, Tempe, Peoria, Surprise, San Tan Valley, Yuma, Avondale, Goodyear, Buckeye, Flagstaff, Casas Adobes, Casa Grande, Lake Havasu City, Queen Creek, Catalina Foothills, Maricopa, Marana, Prescott Valley, Oro Valley, Sierra Vista, Prescott, Apache Junction, Bullhead City, Sun City, El Mirage, San Luis, Drexel Heights, Sahuarita, Kingman, Fortuna Foothills, Florence, Sun City West, Fountain Hills, Anthem, Green Valley, Nogales, Rio Rico, Eloy, Flowing Wells, New River, Somerton, Douglas, Sierra Vista Southeast, Fort Mohave, Payson, Tanque Verde, Sun Lakes, Paradise Valley, Vail, Coolidge, New Kingman-Butler, Verde Village, Saddlebrooke, Cottonwood city, Valencia West, Tucson Estates, Gold Canyon, Tucson Mountains, Chino Valley, Show Low, Camp Verde, Phoenix, Tucson, Mesa, Chandler, Scottsdale, Glendale, Gilbert, Tempe, Peoria, Surprise, San Tan Valley, Yuma, Avondale, Goodyear, Buckeye, Flagstaff, Casas Adobes, Casa Grande, Lake Havasu City, Queen Creek, Catalina Foothills, Maricopa, Marana, Prescott Valley, Oro Valley, Sierra Vista, Prescott, Apache Junction, Bullhead City, Sun City, El Mirage, San Luis, Drexel Heights, Sahuarita, Kingman, Fortuna Foothills, Florence, Sun City West, Fountain Hills, Anthem, Green Valley, Nogales, Rio Rico, Eloy, Flowing Wells, New River, Somerton, Douglas, Sierra Vista Southeast, Fort Mohave, Payson, Tanque Verde, Sun Lakes, Paradise Valley, Vail, Coolidge, New Kingman-Butler, Verde Village, Saddlebrooke, Cottonwood city, Valencia West, Tucson Estates, Gold Canyon, Tucson Mountains, Chino Valley, Show Low, Camp Verde