Brick Wall Building

DEBT PLACEMENT

Commercial real estate lending programs tailored to meet the needs of property owners and developers.

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