hard money bridge loans for owner occupied properties: Hard Money Bridge Loans For Owner Occupied Properties
- 12/11/19 10:28 AM
As we come to the end of the year, I wanted to highlight a very niche product in the hard money loans world. Hard money lenders have to document income for owner occupied loans, ensuring that the borrowers have the ability to make payments. For consumer purpose lending, this is required. For some situations, however, there are exceptions. One of those is when dealing with hard money bridge loans for owner occupied properties.
These bridge loans are typically written for 11 months, so they are a true bridge situation - not a long term solution. One specific instance where they can help, however, … (0 comments)
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As we come to the end of the year, I wanted to highlight a very niche product in the hard money loans world. Hard money lenders have to document income for owner occupied loans, ensuring that the borrowers have the ability to make payments. For consumer purpose lending, this is required. For some situations, however, there are exceptions. One of those is when dealing with hard money bridge loans for owner occupied properties.
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