How to Fast Close your Bridge Loan in Massachusetts?

Bridge Loans Are Approved And Funded Quickly

Real estate investors who haven’t previously used Bridge Loans 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 bridge loan massachusetts. A 12 month term doesn’t work with a bank’s business model. 

Massachusetts, constituent state of the United States of America. It was one of the original 13 states and is one of the 6 New England states, lying in the northeastern corner of the country. Massachusetts (officially called a commonwealth) is bounded to the north by Vermont and New Hampshire, to the east and southeast by the Atlantic Ocean, to the south by Rhode Island and Connecticut, and to the west by New York. It is the seventh smallest of the U.S. states in terms of total area. Its capital is Boston, the state’s most populous city. Massachusetts is the eighth-best state to live in. Massachusetts ranks first for Education, second for Health Care, and fourth for Crime & Corrections. The state’s economy is strong, thanks in large part to its booming high-tech industry, educated population and staple sectors such as agriculture, trade and fishing. This diversity of industries makes Massachusetts an excellent place to live for just about anyone.

We are serving all the locations of Massachusetts including Boston, Worcester, Springfield, Cambridge, Lowell, Brockton, New Bedford, Quincy, Lynn, Fall River, Newton, Somerville, Lawrence, Framingham, Haverhill, Waltham, Plymouth, Malden, Brookline, Medford, Taunton, Weymouth Town, Chicopee, Revere, Peabody, Methuen Town, Everett, Arlington, Attleboro, Barnstable Town, Salem, Billerica, Pittsfield, Beverly, Leominster, Westfield, Fitchburg, Woburn, Holyoke, Amherst Town, Chelsea, Marlborough, Shrewsbury, Braintree Town, Andover, Natick, Watertown Town, Chelmsford, Randolph Town, Dartmouth, Franklin Town, Lexington, Dracut, North Andover, Needham, Tewksbury, Falmouth, Gloucester, Boston, Worcester, Springfield, Cambridge, Lowell, Brockton, New Bedford, Quincy, Lynn, Fall River, Newton, Somerville, Lawrence, Framingham, Haverhill, Waltham, Plymouth, Malden, Brookline, Medford, Taunton, Weymouth Town, Chicopee, Revere, Peabody, Methuen Town, Everett, Arlington, Attleboro, Barnstable Town, Salem, Billerica, Pittsfield, Beverly, Leominster, Westfield, Fitchburg, Woburn, Holyoke, Amherst Town, Chelsea, Marlborough, Shrewsbury, Braintree Town, Andover, Natick, Watertown Town, Chelmsford, Randolph Town, Dartmouth, Franklin Town, Lexington, Dracut, North Andover, Needham, Tewksbury, Falmouth, Gloucester