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Apartment Bridge Loans - Bridge Lending for Multifamily
Apartment Bridge Loans = Bridge Loans for Multifamily
Whether its a bridge loan for an apartment building purchase or a bridge loan for multifamily residential development re-positioning, most bridge loans take on the same characteristics.   When one thinks about bridge loans they should be thinking of a short term loan that helps them span a gap.
The gap can be simply from distressed asset purchase to stabilization or the bridge loan may be used for a quick close until some more patient money with better terms can be put in place.  Regardless of how one uses an apartment bridge loan or deploys bridge lending for multifamily residential, the same principals apply.
Bridge loans for apartments and multifamily residential have three general uses.  They can be used to purchase distressed apartment building or distressed multifamily residential assets, or they can be used to re-position a formerly stable but now distressed asset or they can be used to stabilize debt as in when a bank offers the real estate investor/owner a short pay or lower balance payoff.
Bridge Loans for Distressed Apartment Building or Multifamily Residential Acquisition
Bridge Loans for Distressed Apartment Building or Multifamily Residential Acquisition are very standard in today's market.  These loans typically carry a 75% LTV and 65% LTC requirement ... however, ... more

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