Avatar's Blog
» Bridge Loans in Two Weeks
Posted on 12/14/2004
Hard money loans can be funded in two weeks... it's really true. But (you knew there was going to be a 'but', didn't you?) you need to have all your documentation ready and in the hands of the lender before you start counting those 'two weeks' to closing.
Get ready by having the following documents completed and ready:
* personal financial statement & income statement
* appraisal w/photos of the subject property
* 2 years P&L if the property is incoming producing
* purchase agreement if your are buying the property
Your lender will tell you what else is required, but you'll be well on your way if you have these papers ready to fax or email.
Posted in Miscellaneous
Get ready by having the following documents completed and ready:
* personal financial statement & income statement
* appraisal w/photos of the subject property
* 2 years P&L if the property is incoming producing
* purchase agreement if your are buying the property
Your lender will tell you what else is required, but you'll be well on your way if you have these papers ready to fax or email.
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