A Colorado Bridge Loan can help you capitalize on opportunity. It lets you establish financing to acquire a new home without selling the older home in a matter of days, possibly less. This is great news, for many who would not be able to acquire the right property—should they be left to conventional lending institutions and their stringent underwriting processes.
2018 has brought with it an accelerated real estate industry: an upward trend in the market and a multitude of eager buyers at hand. The result has been a shortage of available homes across the board, a pressing demand for available homes, an increased value of rental properties, and a burgeoning demand for construction. Even despite the slowing growth in housing prices and the difficulties of mounting federal interest rates, the housing market remains strong and home equity has risen substantially. These elements are enticing many home owners to sell their current properties.
Of the many individuals who are eager to sell there home, there exists a subcategory of sellers who are interested in acquiring a new home before their old home sells, otherwise known as bridging or applying for a Colorado Bridge Loan. There are many reasons why a Colorado Bridge Loan may be useful. Selling a home in order to relocate for work purposes is a common cause. New job opportunities await, and the hypothetically ideal property is found in a new area. Why wait? Perhaps, while in the prosses of selling, an individual encounters a home at auction. Perhaps, they encounter a home near work, school, the grocery store, the yoga studio, etc. The perfect home in the perfect place, at the right price, and at possibly at the right time.
A Colorado Bridge Loan can help you capitalize on opportunity. It lets you establish financing to acquire a new home without selling the older home in a matter of days, possibly less. This is great news, for many who would not be able to acquire the right property—should they be left to conventional lending institutions and their stringent underwriting processes. The heart of the matter is this: conventional lenders are regulated by the mandates of the Fed. They take months to finance and are difficult to appease. A Colorado Bridge Loan is fast and is used to acquire property in the immediate future until conventional lenders come along in the future at lower rates.
A Colorado Bridge Loan is a short-term loan usually ranging anywhere from 3 to 24 months. These types of loans require possessing equity in a home that is for sell. Interest rates on a Colorado Bridge Loan may start as low as 7.99% an have up to 90% loan-to-value.
Talk to your hard money broker at Level 4 Funding to find the Colorado Bridge Loan and interest rate that is right for you. Take advantage of the opportunities of purchasing a home in the neighborhood that is right for you. Level 4 Funding has history of helping buyers acquire the assets they need when they need them.
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis Dahlberg Broker/RI/CEO
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters and 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.