Count Two Closing Processes Before Choosing Bridge Then Refinance

By Don McClain | Founder & Principal, Medro Advisors. A bridge-to-refinance plan has two potential closing processes. Build separate cost lists for the initial financing and the proposed takeout: third-party reports, legal review, lender charges and any exit or prepayment cost shown in the actual documents. Mark which reports might be reusable and who must confirm reuse; do not assume the second lender will accept them. Compare both cash requirements with a permanent-financing alternative using dated written terms. This adds a two-close preparation worksheet to the March archive, without assuming either loan will close. Discuss property capital planning with Fast Commercial Capital.