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Interesting Questions
Absolutely! If you find a better deal or want to extend your financing, refinancing can be a smart move to keep your options open.
You want to look for a lender with a solid reputation, clear terms, and a history of working with real estate deals in Raleigh. It's all about finding someone you can trust.
Like any financial tool, they come with risks. If not managed well, you might find yourself in a pinch, especially if your long-term financing doesn't come through on time.
The biggest perk is speed! You can access funds quickly, allowing you to move on opportunities without missing a beat.
Bridge Notes usually last anywhere from a few months to a couple of years, just long enough to bridge the gap until long-term financing is secured.