As mortgage and real estate professionals, we have access to a financing product that is perhaps the least understood and most powerful of all finance vehicles on the market today. Over the next few weeks, we are going to break down and explain a tool that will help you identify and land more customers for yourself and your real estate partners and save transactions in jeopardy of collapsing due to timing and financing glitches.
Very few lenders offer this product. Banks don't. Conventional lenders don't. Neither do Non-QM lenders. In fact, only a small segment of the private lending community has learned how to effectively originate and fund this type of loan, compliantly. So, what are we talking about? The residential, cross-collateralized, consumer bridge loan, is used for primary residence purchases.
Every mortgage and real estate professional should know and understand the power of residential bridge loans, but most don't. Over the next few weeks, I am going to help increase your knowledge and understanding of this niche product as well as the unique uses and deep flexibility this product offers.
Pacific Private Money Inc. now dba Arrival Home Loans has been originating these solution-based mortgages since 2008 and has become one of the largest and fastest-growing alternative mortgage loan origination organizations.