investment in commercial mortgage bridge loans?
I'm 67 still working self-employed. Slowing down though. What do you think on this investment vehicle: Commercial mortgage bridge loans.com. They promise 6% interest on a minimum of 50 k investment tied up for 1 year, principal returned after 1 year or rolled over, your choice. Have you heard of them. Should I be leery.
Terry Says
I have strongly expressed my disapproval of this investment. They are far more potentially risky than you are getting paid with a 6 percent yield. And when rates rise, and there is another credit crunch, I know I will be writing about people who are trapped in these products because the borrowers can't get "end user" or "takeout" financing from the banks! This is risky stuff -- NOT an alternative to bank CDs or Money Market funds.
