Capitals: Bridge Loan

CAPITAL STRUCTURE: Bridge Loan Check size: $20M – $150M ($40 – $80MM sweet spot) LTC: Target debt yield of 9% shakes out at 65 – 70% LTC Rate: SOFR + 180 bps +/- Term: Typically 3 – 4 years Use: Lease-up (at CofO permissible) or acquisition & rehab value add Property type: Multifamily, Build For […]

CAPITAL STRUCTURE: Bridge Loan Property type: All asset classes including Hotels, BTR, Self Storage & Student Housing Use: Acquisition, Refinance, Value-Add Check size: $5M–$50M LTC: Up to 75% of stabilized value Term: 2-3 years Rate: Starting at SOFR + 300bps, can be tighter on two year deals and multifamily Geography: Nationwide  

CAPITAL STRUCTURE: Bridge Loan Property Type: Multifamily Use: Acquisition and Recapitalization for value add business plans Check Size: $2M–$75M LTV : Up to 80% of purchase price plus 100% of the capital improvement budget DSCR / DY: No Minimum in-place debt yield or DSCR requirements Term: 1-3 years Rate: Fixed or Floating (fixed rate pricing […]

CAPITAL STRUCTURE:  Bridge Loan Property Type: Multifamily, Hospitality, Self- storage, Office Use: Acquisition, Refinance, Transitional Check Size: Up to $100M LTV / LTC: 60-65% LTC Rate: SOFR + 250-375 bps Recourse: Non-recourse Geography: Top MSAs

CAPITAL STRUCTURE: Bridge Loan Check size: $10-$40MM LTV: The lesser of 80-85% as-is value or 70-75% of as-stabilized value Rate: 375-550 over 30-day LIBOR Term: 2-4 years, up to 5 with extension options Property type: Multifamily, Industrial, Office, Retail, Student Housing, Hospitality, Self Storage Uses: Acquisitions, recapitalization, value-add CAPEX repositioning, transitional assets Geography: Nationwide

CAPITAL STRUCTURE: Bridge Loan Check size: $10-$35MM LTV: Up to 75% loan to cost Rate: 5.5% fixed for two years with two one-year extensions at 350 over 30-day LIBOR Term: 2-4 years with extension options Property type: Multifamily Uses: Acquisitions, recapitalization, value add CAPEX repositioning, transitional assets Geography: Nationwide

CAPITAL STRUCTURE: Bridge Loan Check size: $20-$150MM LTV: Up to 70% for Multifamily and 65% for all others Rate: Spreads ranging from high 1s to low 2s on transitional assets and high 2s to mid 2s for construction transactions Recourse: non-recourse for bridge loans and 20-25% recourse for construction loans with burn offs Term: 3 to 7 years Amortization: 30 years for multifamily […]

CAPITAL STRUCTURE: Bridge Loan Property type: Student/Multifamily Housing, Self-Storage, Retail, Office, MHP’s and Hospitality Check size: $10 – $75MM Leverage: Up to 85% LTC / 75% LTV Rates: Spreads to LIBOR of 2.5% – 4.5% Term: Up to 5 years Amortization: Interest only Future Funding: Holdbacks for renovations and “good news” Uses: Acquisitions, Recapitalization and Repositioning Geography: Nationwide

CAPITAL STRUCTURE: Bridge Loan Property type: Multifamily, multi-tenant Industrial in infill locations, CBD and/or transit-oriented Office, performing Hotels on a very select basis. Check size: $10 – $75MM Leverage: Up to 75% LTV on post-COVID pricing. Rates: 5.5% – 6.0% over LIBOR with a .50% floor Fees: 0% in w/ 1%-1.5% exit Term: Up to 3 years Amortization: Interest only Future Funding: Holdbacks […]

CAPITAL STRUCTURE: Bridge Loan Check Size: $5MM-30MM Term: Up to 3 years LTV/LTC: 70%+ LTV (Higher in certain cases) Pricing (“Interest”): 7% Fixed Rate (Lower in certain cases) Recourse: Recourse & non-recourse options available Property Types: All Commercial Property Types Use: purchase, refinance, repositioning and value-add Geography: Nationwide

CAPITAL STRUCTURE: Bridge Loan Check Size: $10MM-80MM LTV: Up to 75% Rate: Starting at 5% Fees: 1% origination fee Term: 3+1+1 Recourse: No repayment guarantee. Standard bad act carvouts Misc: U/W using stabilized cash flow pre-Covid with a focus on 2019 performance Property Types: Hospitality Use: Acquisition (preferred) and recapitalization Geography: Nationwide

CAPITAL STRUCTURE: Bridge Loan Check Size: $8MM-40MM LTV: Up to 75% stabilized value LTC: No loan to cost restriction Pricing: Minimum 5% Coupon Fees: 1% to 2% origination fee Term: 1 to 3 years with extension options Recourse: Non-recourse Property Types: Multifamily, retail, office, mixed-use, industrial, healthcare/life science, self-storage, for-sale condos, SFR communities, land and horizontal development. Use: Acquisition, recapitalization, and construction Geography: […]

CAPITAL STRUCTURE: BRIDGE LOAN Private lender offering fixed-rate bridge loans for special situations, quick-closings, or heavy-lift Capex projects. Check Size: $2MM-15MM LTV for multifamily: Up to 80% LTV for other sectors: Up to 75% Rate for multifamily: 5-7% Rate for other sectors: 7-9% Term: 6 to 24 months Amortization: Interest only Recourse: Transaction dependent Lien position: 1st TDs and mortgages only Property Types: All property types […]

CAPITAL STRUCTURE: Bridge Loan  Check Size: $5-200MM LTC/LTV: Up to 75% Amortization: Interest only Rate: High single digits Fees: 1.00% Term: Up to 60 months Prepayment Penalty: None Recourse: Recourse and non-recourse available Property Types: Multifamily, Industrial, Office, Retail, Residential and Mixed-Use Geography: Nationwide

CAPITAL STRUCTURE: BRIDGE LOAN Direct bridge lender offering loans secured by commercial real estate nationwide. Check Size: $2MM-75MM+ LTV: Up to 75% Pricing: Starting at 4.00% for Multifamily and 4.75% for other assets Fees: Origination fee starting at 1.00% Term: 12 to 36 months, with extensions Amortization: Interest only Recourse: Deal based Property Types: All property types Use: Acquisition and recapitalization Geography: Nationwide