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Bridge Loan Success - A Bridge To Far? Not This Time!
This is a Bridge Loan Success. This borrower had a real struggle.  He had invested tons of money in his project, capital was drying up and he needed a quick solution, here's how it all went down.
A Bridge (loan) to Far? Not this Time!
Everyone knows the old WWII story about the raid led by the British to try and gain a foothold in Europe and break the German supply lines.  The raid, dubbed Operation Market Garden, was doomed from the start.  Poor planning, a lack of experience by the planners and imporoper insight into the resources needed to accomplish the goal meant the operation's ultimate demise.
This bridge loan had a similar fate.  The property was vacant for 8 years.  The owner was funding out of pocket, had run into legal issues with title and ownership, had mold issues and other unforeseen problems with the property.  Add to this that the property had a stigma of being unsuccessful in the past and was located in a tertiary market, and well... enough said.
After many failed attempts to get a bridge loan and after having been in front of virtually every bridge lender in the Nation, the borrower landed at the door of Dividend ... more

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