If you plan to sell
Review project completion, title issues, listing readiness, realistic selling costs, and how a delayed closing would affect your cash needs.
Bridge financing preparation
Plan your bridge-loan exit before maturity
A planned sale or refinance needs a timeline of its own. Work backward from the existing loan’s maturity date and identify what must be ready before the next financing step.
Put the current loan on one page.
Locate the note, maturity date, payment schedule, and any extension terms. Request a dated payoff statement for the expected payoff date; an account balance alone may leave out accrued interest or other charges.
- What is the contractual maturity date?
- What fees, minimum interest, or early repayment conditions apply?
- Is an extension available, who approves it, and what would it cost?
- What happens if the sale or refinance is delayed?
Identify the conditions behind the proposed exit.
If you plan to refinance
Confirm the new lender’s property-condition, rent-documentation, valuation, ownership, seasoning, credit, and liquidity requirements for the particular file.
Seasoning means a required period of ownership or other program-specific history. Ask which event starts the period and whether the rule changes for a cash-out transaction. A future refinance requires its own underwriting and approval.
Build a checklist around readiness.
- Confirm the obligation. Put the maturity date, current payoff estimate, and extension questions in writing.
- Check the intended exit. Identify the sale or refinance conditions and the person responsible for each open item.
- Prepare the evidence. Gather project completion details, leases or rent evidence, entity documents, title information, and the documents requested by the new lender.
- Leave room for delays. Discuss appraisal, title, insurance, document review, and closing timing before relying on a target date.
- Review a backup. Ask about available alternatives early if value, rent, timing, or eligibility changes.
Bring these details to the conversation.
Property address, current lender, maturity date, loan documents, payoff estimate, remaining work, rent or sale assumptions, available reserves, and your preferred exit. For rental financing, also read DSCR and rental cash flow.