Thursday, December 6, 2018; 1:00 p.m. (Eastern)
COST: $297 per dial-in connection
Ten years ago, there were not many lenders and mortgage brokers offering bridge loans. Now, if they don’t have this as a product they are at a distinct disadvantage in the market. Bridge loans are short-term loans used as a temporary form of financing, often for an acquisition, to act as a bridge to a more permanent type of borrowing, often times HUD. Usually, but not always, the provider of the bridge financing also arranges the permanent financing. But are these loans risky, and how reliable is the ability to refinance the bridge loan two to three years later when interest rates can be higher or permanent capital sources could dry up.
In this session you will learn:
- Who is providing bridge loans and for what purposes
- What the terms are, such as loan-to-value, cost and term
- What happens if take-out financing becomes unavailable
- Whether bridge loans need personal guarantees
- What property types are bridge loans most often used for
PLUS… your chance to ask our panel of experts any questions!
Steve Monroe, Editor, The SeniorCare Investor (moderator)
Neil Gamss, Senior Vice President, Housing & Healthcare Finance, LLC
Fred Levine, Managing Director, Greystone
Kevin Murray, National Market Manager, KeyBank Real Estate Capital
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This webinar is ON DEMAND; if you are unable to attend the live webinar a recording of the webinar will be placed in your membership site.