Architectural illustrationQuestions to ask about a bridge loan.
Five useful conversations to have when a shorter financing period is part of the plan.
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What to send with a financing scenario.
The property, the purpose, the request and the exit. Organize the essentials before you send a scenario.
A useful first request identifies the property, financing purpose, amount requested, borrower contribution and plan to repay. Keep supporting documents available and send sensitive information only through the established review process.
Lead with the objective.
Begin with what you are trying to do: acquire an investment property, replace existing financing or carry out a construction plan. A short, direct description makes the rest of the information easier to understand.
Describe the property as it stands.
Include the city, property type, current ownership and condition. Distinguish the asset today from what it could become after work is complete. For an occupied investment property, summarize the occupancy situation without sending tenants’ private information.
Make the funding request readable.
State the approximate amount and the expected uses of funds. If a purchase is involved, distinguish the purchase price from the financing request. If an existing loan must be repaid, identify that obligation. For construction, distinguish initial funding from later funding needs.
Explain repayment.
Describe whether you expect a sale, refinance or another supported repayment source. Identify what needs to happen before that exit and which parts of the plan are still uncertain. A date without a plan is not an exit strategy.
Keep the first submission focused.
Use the inquiry form for an introduction. Do not include bank account numbers, Social Security numbers or private loan documents. The team can explain the appropriate established route for supporting materials.
General educational content. Actual financing and servicing requirements depend on the particular transaction, written documents and applicable review. This guide is not a commitment to lend or a statement of numerical lending criteria.
Discuss your scenarioRelated perspectives
