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.
NORWALK, Conn. (PRWEB) November 28, 2018
The SeniorCare Investor will host an important webinar — Bridge Loans: The Hottest Lending Product for Seniors Housing and Care— on Thursday, December 6, 2018, at 1:00 PM ET. A recording of the webinar will also be made available following its live presentation. The webinar is part of the Interactive Webinar Series.¬
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.
Steve Monroe, Editor of The SeniorCare Investor and moderator of the panel, will pose relevant topics such as: 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. Our panel of experts will include, Neil Gamss, Senior Vice President, Housing & Healthcare Finance, LLC; Fred Levine, Managing Director, Greystone; and Kevin Murray, National Market Manager, KeyBank Real Estate Capital
If interested in this topic, then don’t miss the live webinar on December 6, at 1:00 pm ET. If unable to attend the live webinar, a recording with be available the following day.
Please visit https://products.levinassociates.com/downloads/1812-webinar/ or call 203-846-6800 for more information about this interactive webinar.