Looking for Auction Property Financing?
Are you ready to find your next auction deal, but have funds tied up somewhere else? We have a financial solution for our real estate investors. Learn how our bridge loan can help you close more confidently and quicker at your next auction.
As an investor, when you attend an auction you must be certain you have the funds required to purchase outright in a very tight time frame of normally 28 days from successful bid. An auction bid can be a legally binding transaction mirroring the exchange of contracts in standard property transactions. What this means is the importance of having your funds is very crucial. If the time-scale is not achieved, strict financial penalties could be imposed upon the bidder.
In a standard auction bid, you are required to pay the equivalent of 10% of the purchase price, which acts as a deposit. This can be seized (no returns!) if the balance of purchase funds are not available when scheduled. So what if you attend an auction, and realize you won’t have all the cash necessary to not only land the property, but avoid pesky financial penalties? In these cases, a bridge loan may be the best option. A bridge loan is a short term loan used to cover the interval between two transactions, and is repaid when the property sells or is refinanced.
We want to ensure you don’t miss out on your next opportunity due to lack of funds. Whether or not your funds are tied up in a fix and flip, or your last property hasn’t sold yet, we can provide the funds needed to confidently secure your next deal. The great thing about bridge loans is they are flexible, and can be arranged quickly. We can provide bridge loans in as little as 10 days. This allows you the freedom and leeway you need to ensure you have the necessary financial requirements when it comes due time as specified by the auction company.
Bridge Loan Closes in as Little as 10 Days
Let us assist you with securing the financing to lock in your next auction deal.our bridge loan has no prepay penalty or junk fees. We are a nationwide broker that offers our real estate investors low rates and instant approval. All online!
Are you ready to find your next auction deal, but have funds tied up somewhere else? We have a financial solution for our real estate investors. Learn how our bridge loan can help you close more confidently and quicker at your next auction.
As an investor, when you attend an auction you must be certain you have the funds required to purchase outright in a very tight time frame of normally 28 days from successful bid. An auction bid can be a legally binding transaction mirroring the exchange of contracts in standard property transactions. What this means is the importance of having your funds is very crucial. If the time-scale is not achieved, strict financial penalties could be imposed upon the bidder.
In a standard auction bid, you are required to pay the equivalent of 10% of the purchase price, which acts as a deposit. This can be seized (no returns!) if the balance of purchase funds are not available when scheduled. So what if you attend an auction, and realize you won’t have all the cash necessary to not only land the property, but avoid pesky financial penalties? In these cases, a bridge loan may be the best option. A bridge loan is a short term loan used to cover the interval between two transactions, and is repaid when the property sells or is refinanced.
We want to ensure you don’t miss out on your next opportunity due to lack of funds. Whether or not your funds are tied up in a fix and flip, or your last property hasn’t sold yet, we can provide the funds needed to confidently secure your next deal. The great thing about bridge loans is they are flexible, and can be arranged quickly. We can provide bridge loans in as little as 10 days. This allows you the freedom and leeway you need to ensure you have the necessary financial requirements when it comes due time as specified by the auction company.
Bridge Loan Closes in as Little as 10 Days
Let us assist you with securing the financing to lock in your next auction deal.our bridge loan has no prepay penalty or junk fees. We are a nationwide broker that offers our real estate investors low rates and instant approval. All online!