Los Angeles, CA – $745,000

Purchase Bridge Loan

During this client’s escrow, he faced income qualification issues because he had not been self-employed for the required 24 months. Although he was putting 20% down, he needed to wait 4 months until the 24-month period had passed so he could file his tax returns. We provided a bridge loan, which allowed him to complete his purchase, and he refinanced out of it in 6 months.