LendSure's Insight on Reverse 1031 and Bridge Loans (Video)
LendSure Mortgage Corp, a national wholesale Non-QM lender, is renowned for its expansive range of non-QM loan programs tailored for borrowers who don't fit the conventional guidelines. In a recent group session titled "Industry Talk," members from LendSure delved deep into the intricacies of Reverse 1031 and Bridge Loans. The session was graced by industry leaders Drew Luzi, Ryan Altman, and Mark Luzi.
Key Highlights from the Session:
Bridge Loans: These are short-term loans designed to "bridge" the gap between the purchase of a new property and the sale of an existing one. LendSure emphasizes the importance of bridge loans, especially in today's fast-paced real estate market. Their new Bridge Loan Calculator is a testament to their commitment to simplifying the process for borrowers and brokers alike.
Reverse 1031 Exchange: A Reverse 1031 Exchange allows investors to acquire a replacement property before selling their relinquished property. This strategy can be beneficial in a competitive market where desirable properties might not stay available for long. The experts from LendSure highlighted the advantages and potential challenges of this approach, ensuring that attendees left with a comprehensive understanding.
During the session, the industry leaders also showcased a presentation, further elucidating the nuances of these financial instruments. The presentation likely covered real-world scenarios, benefits, potential pitfalls, and best practices related to Bridge Loans and Reverse 1031 exchanges.
About LendSure Mortgage Corp: LendSure is not just another lender in the market. They pride themselves on offering a comprehensive range of non-QM loan programs for those borrowers that don't fit the traditional mold. Their exclusive pre-underwriting process ensures that brokers can say "Yes" with confidence, minimizing surprises down the road.
For those interested in diving deeper into the topic and gaining firsthand insights from Drew Luzi, Ryan Altman, and Mark Luzi, the recorded session is a treasure trove of information.
