EPISODE · Feb 9, 2024 · 41 MIN
EPS 300 - Your BRIDGE LOAN is coming due! What can you do? Can you qualify for an extension? Can those BRIDGE TERMS be modified?
from Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
These bridge loans are quirky…because all loan documents initially agreed upon (between lender attorney and borrower attorney) are like snowflakes. Every set of loan documents are different…they are not promulgated forms like Fannie loan documents. Some language added…some language subtracted. What does that mean when you are negotiating an extension? Listen to attorney Shameer Soni on what he suggests when speaking with your Bridge lender. Shameer Soni & Chris Barsness: The Patel Law Group http://www.patellegal.com Are you interested in learning more about how Multifamily Syndications work? Please visit http://www.spiadvisory.com to learn more about Michael Becker's Real Estate Syndication business with SPI Advisory. If you enjoyed this discussion…. Please leave us a 5-STAR RATING on iTunes.
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EPS 300 - Your BRIDGE LOAN is coming due! What can you do? Can you qualify for an extension? Can those BRIDGE TERMS be modified?
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