Bridge loans are most commonly provided by debt funds and used for acquisitions for value add properties or refinances for cash out or partner buyout situations. Access to quick capital is often a necessity in order to close a transaction with bridge loans closing in typically 10-45 days.

$2mm - 20mm

Private Debt Funds

Long term commercial mortgages are placed on stabilized commercial properties and typically provided by institutions including Banks, Agency Lenders, Life Companies and CMBS lenders. In determining the best long term financing for your stabilized property, it is important to consider the needs of the project, investors and owners regarding recourse, leverage, amortization and prepayment terms.

For real estate developers seeking ground-up construction financing, our lending options are specifically tailored to your needs and credentials as a borrower. Whether your hot button is interest rate, recourse or high leverage we have the solution.

Institutional Debt Funds

$20mm - 100mm+

All Asset Classes

Multifamily, Retail, Office, Industrial and Hospitality

Major MSAs, secondary Markets

Major MSAs

65-75% LTV, 75-85% LTC

Up to 65% LTV, 75% LTC

7-12% (fixed or floating)

5.5-7% (floating)

1-2 pts at close, 0-1 pt at exit

Typically 1 pt at close

12 to 36 months

Interest Only

No Prepay penalty, subject to minimum interest earned

Non-recourse subject to standard bad boy carve outs

2.75-4% (fixed)

3.5-4.5% (fixed)

Up to 65% LTV, 75% LTC

65-75% LTV, 75-85% LTC

Major MSAs

Major MSAs, secondary Markets

Multifamily, Retail, Office, Industrial and Hospitality

All Asset Classes

$5mm - 100mm+

Agency, Life Co., CMBS

Banks

$2mm - 100mm

Typically 1 pt at close

0-1 points paid at close

5,7,10 years

Fully amortizing, with an occasional Interest Only period upfront

Non-Recourse

Typically Full Recourse

Step-down or Yield Maintenance

Flexible

Typically 1 pt at close

4-5.5% (fixed or floating)

Up to 65% LTV, 75% LTC

Typically Major MSAs

Multifamily, Retail, Office, Industrial and Hospitality

$5mm - 100mm+

Banks and Life Co.

5.5-12% (fixed or floating)

65-75% LTV, 75-85% LTC

Major MSAs, secondary Markets

All Asset Classes

Debt Funds

$2mm - 100mm+

1-2.5 pts at close, 0-1 pt at exit

8 to 36 months

Interest Only

Flexible

Less Flexible

Full or Non-Recourse

Non-Recourse