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This article is presented by Dominion Financial.
A few months ago, I stumbled on a property that looked like perfect flipIt was a tired but solid three-bedroom house that was in a neighborhood Know wellNothing scary structurally, simply cosmetic accessories: chronic tiles, beat-up cabinets, popcorn roof.
comps Was strong, the spread looked good, and my contractors were available to start next week. There was just one problem: I did not have cash.
Like many investors, most of my money Was tied In another project. I could call a partner, but I did not want to give half a profit for a project I am running single.
I thought of passing on the deal. But instead, I made a call, and it changed everything: I said Dominion Financial.
A different type of loan
I heard Dominion financial Was A bridge loan product In fact Purchase and cover 100% of both Rehabilitation, I assumed that it was one of the “technically true” situations where you need to be below 10% to 20% in the end.
However, he reviewed the numbers, requested the scope of the work, and within 48 hours, I got complete approval. No evaluation. No endless paperwork. No individual gymnastics equity to get out of the second deal. There is a loan that Did it be that it will be: Nashed the entire project from beginning to end.
Here is the work done:
- Dominion Financial not only made the basis of loan on my W -2 or tax return.
- He focused on this deal itself: ARV, renewal budget, and what numbers did it understand.
- The loan was covered 100% of the purchase price and 100% of the rehabilitation cost, with a draw available in 24 to 48 hours.
- They closed faster than the most difficult money lenders, with which I have worked, and without crazy points or charges.
I get used Rigorous money Earlier, and it was a different experience.
The dominion operates like a financial partner, not a gatekeeper. Their underworters were not looking for the reason for saying “no”. They were trying to say “yes” without compromising the risk. And this made the process feel collaborative instead of adversity, which, if you have ever dealt with the wrong lender, you know that fresh is a breathe of air.
Once we stopped, I moved forward rapidly. The next day the demo started. Their draw system was smooth, and I did not have to slow down the project due to funding delay. He must have given my first draw finance before my old hard money lender, even completed the evaluation process.
What difference did it make
it Just was not about the facility. It was about control. I don’t have to pull from own Cash reserves meant that I could take a better decision in complete renewal.
I did not have to choose “in case of bus” between better spending more on finish or keeping cash back. I can focus on correcting this project, which is a better product, a sharp sale and translated into a high profit.
If you are an investor who is trying to scale Peter without continuously looting Paul, then such loans matter here:
- This allows you to move forward quickly on great deals without worrying about whether your cash is liquid.
- This helps you divide for profit only because you are low on capital.
- This creates stability. Any more feast-or-frame investment cycle is associated with your final sales or refinance.
This program is not for everyone. You still need to display experiences, a viable exhaust strategy, and should be realistic about your renewal scope, But if you are a serious investor with good deals coming in your way, then 100% LTC Bridge Lone from Dominion is a device that can take you to scaling without removing equity or without drying your savings.
final thoughts
Many lenders claim to offer investor -friendly products. Dominion withdraws it. This bridge loan gave me the ability to shut down a profitable deal with zero out-of-packet expenses, to keep my cash free for other opportunities and give me a better product because I was not cutting corners to save Penny.
If you are tired of remembering good deals because of limited capital, or if you are always ready for a scale without bringing it to partners, this may be your next step. Real estate investment is quite difficult; Your financing should not make it difficult.
Explore Dominion Bridge Loan here And see if it fit your next project. You can end a conversation by leveling in the end.
