Let us help you with financing.
Traditional lending sources are not available for real estate investors buying at foreclosure sales. Bridge financing is the primary source of funding for investors or end users especially at foreclosure auctions where you are required to have 100% of the cash. If you don’t have 100% of the cash on hand to make the purchase, we will introduce you to short-term lending sources. Because of the higher cost associated with bridge loans, you typically want to refinance as quickly as possible.
Bridge Financing Companies (Hard Money) for self directed investor who want to own 100%.
Our lender has two options available: (LENDING IS CURRENTLY only available in WA STATE)
When you are the winning bidder and now own the property you will:
1. Bring in 100% of cash to our lender the next day. For this service you will be charged 1% for access to our software, research, bidding services and $1,000 to our lender for carrying the transaction for that day.
2. Receive a 6 month loan from our lender. For this service you will be charged 1% for access to our software, research, bidding service and 2% to our lender plus 12% per year. The goal for most clients is to refinance this loan as quickly as possible.