1-800-416-7831
BRIDGE LOANS
Loan Specs
Loan Size
Property Types
Private Debt Funds
$2mm - 20mm
All Asset Classes
Institutional Debt Funds
$20mm - 100mm+
Multifamily, Retail, Office, Industrial and Hospitality
Location
Leverage
Interest Rate
Origination Fee
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
Loan Term
Amortization
Prepayment
Recourse
PERMANENT LOANS
CONSTRUCTION
LOANS
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.
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.
12 to 36 months
Interest Only
No Prepay penalty, subject to minimum interest earned
Non-recourse subject to standard bad boy carve outs
Loan Specs | Private Debt Funds | Institutional Debt Funds |
|---|---|---|
Property Types | All Asset Classes
| Multifamily, Retail, Office, Industrial and Hospitality
|
Loan Size | $2MM-20MM | $20MM - 100MM+
|
Location | Major MSAs, Secondary Markets
| Major MSAs
|
Leverage | 65-75% LTV, 75-85% LTC
| Up to 65% LTV, 75% LTC
|
Interest Rate
| 7-12% (fixed or floating)
| 5.5-7% (floating)
|
Origination Fee
| 1-2 pts. at close, 0-1 pt at exit
| Typically 1 pt. at close
|
Loan Term
| 12 to 36 Months
| 12 to 36 Months
|
Amortization | Interest Only
| Interest Only
|
Prepayment | No Prepay Penalty, subject to minimum interest earned | No Prepay Penalty, subject to minimum interest earned |
Recourse | Non-recourse subject to standard bad-boy carve outs | Non-recourse subject to standard bad-boy carve outs |
Recourse
Non-Recourse
Typically Full Recourse
Prepayment
Step-down or Yield Maintenance
Flexible
Loan Term
5,7,10 years
Amortization
Fully amortizing, with an occasional Interest Only period upfront
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.
0-1 points paid at close
Typically 1 pt at close
$2mm - 100mm
Banks
Agency, Life Co., CMBS
$5mm - 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
3.5-4.5% (fixed)
2.75-4% (fixed)
Origination Fee
Interest Rate
Leverage
Location
Property Types
Loan Size
Loan Specs
Loan Specs | Banks, Credit Unions | Agency, Life Co., CMBS |
|---|---|---|
Loan Size
| $2MM - 100MM
| $5mm - 100MM+
|
Property Types
| All Asset Classes
| Multifamily, Retail, Office, Industrial and Hospitality
|
Location | Major MSAs, secondary Markets
| Major MSAs
|
Leverage | 65-75% LTV, 75-85% LTC
| Up to 65% LTV, 75% LTC
|
Interest Rate
| 3.5-4.5% (fixed)
| 2.75-4% (fixed)
|
Origination Fee
| 0-1 pt. paid at close
| Typically 1 pt. at close
|
Recourse | Typically Full Recourse
| Non-Recourse
|
Prepayment | Flexible | Step-down or Yield Maintenance
|
Loan Term
| 5,7,10 Years
| 5,7,10 Years
|
Amortization | Fully amortizing, with an occasional Interest Only period upfront
| Fully amortizing, with an occasional Interest Only period upfront
|
Loan Specs
Banks and Life Co.
Debt Funds
Loan Size
$5mm - 100mm+
$2mm - 100mm+
Property Types
Multifamily, Retail, Office, Industrial and Hospitality
All Asset Classes
Location
Typically Major MSAs
Major MSAs, secondary Markets
Leverage
Up to 65% LTV, 75% LTC
65-75% LTV, 75-85% LTC
Interest Rate
4-5.5% (fixed or floating)
5.5-12% (fixed or floating)
Origination Fee
Typically 1 pt at close
1-2.5 pts at close, 0-1 pt at exit
Recourse
Prepayment
Loan Term
Amortization
8 to 36 months
Interest Only
Flexible
Less Flexible
Full or Non-Recourse
Non-Recourse
Loan Specs | Debt Funds | Banks and Life Co. |
|---|---|---|
Loan Size
| $2MM - 100MM+
| $5MM - 100MM+
|
Property Types
| Multifamily, Retail, Office, Industrial and Hospitality
| All Asset Classes
|
Location | Typically Major MSAs
| Major MSAs, Secondary Markets
|
Leverage
| 65-75% LTV, 75-85% LTC
| Up to 65% LTV, 75% LTC
|
Interest Rate
| 5.5-12% (fixed or floating)
| 4-5.5% (fixed or floating)
|
Origination Fee
| 1-2.5 pts. at close, 0-1 pt. at exit
| Typically 1 pt. at close
|
Recourse
| Non-Recourse
| Full or Non-Recourse
|
Prepayment | Flexible | Less Flexible
|
Loan Term
| 8 to 36 Months
| 8 to 36 Months
|
Amortization | Interest Only
| Interest Only
|
