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
Capitals: Bridge Loan
Bridge Loans For Acquisitions And Recapitalizations For Various Asset Classes
Permanent, Bridge And Mezzanine Loans And Preferred Equity Targeting Hotels
By M H
CAPITAL STRUCTURE: PERMANENT LOAN/ BRIDGE LOAN/ MEZZANINE LOAN and PREFERRED EQUITY Hotel specialist providing various debt and equity products for select and limited service premium branded assets. Check size: $5-$100MM for bridge and permanent loans, $1-$10MM for mezzanine and preferred equity LTV: Up to 85% on bridge and mezzanine, up to 95% on preferred equity Rate: Starting at 4.5% for senior debt and […]
Non-Recourse, Institutional Bridge Loan Program
By M H
CAPITAL STRUCTURE: BRIDGE LOAN A West Coast fund manager has rolled out a cheaper version of its national bridge loan program targeting higher quality assets with some in-place cash flow. 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 […]
Fixed Rate, Non-Recourse Institutional Bridge Loan Program
By M H
CAPITAL STRUCTURE: BRIDGE LOAN A New York-based investment manager is funding hybrid bridge loans that start out fixed-rate for the first two years. DSCR can be lower than one with reserves and structure. 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 […]
Specialty Asset Bridge, Construction And Mezzanine Debt
By M H
CAPITAL STRUCTURE: BRIDGE LOAN/ CONSTRUCTION LOAN, MEZZANINE DEBT Newly formed finance arm of private equity vehicle seeking to deploy capital for senior housing, medical offices, student/multifamily housing, self-storage. Check size: $10 – $500MM LTV: Up to 85% LTV/LTC Rates: Spreads to LIBOR of 2.5% – 5.5% (first mortgage) or 6.0% – 10.0% (mezzanine/preferred equity) Term: Up to 7 years Amortization: Typically interest […]
Partial/Non-Recourse Bridge And Construction Loans
By M H
CAPITAL STRUCTURE: BRIDGE LOAN/ CONSTRUCTION LOAN An aggressive East Coast Bank has dropped pricing for construction and bridge loans across various asset classes. 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 […]
Flexible Bridge Loans For Value Add Opportunities
By M H
CAPITAL STRUCTURE: BRIDGE LOAN Midwest asset management firm seeking to fund acquisition and renovation plays nationwide 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” […]
Bridge Lender Not Dependent On Internal Leverage Actively Lending
By M H
CAPITAL STRUCTURE: BRIDGE LOAN Closed end fund not dependent on the CLO market and utilizing lower leverage credit facilities has avoided mark-to-market & margin calls provision. 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% […]
International Life Insurance Company Seeking To Gain Market Share Is Actively Lending
By M H
CAPITAL STRUCTURE: BRIDGE LOAN/ PERMANENT LOAN Large international LifeCo providing low cost and flexible alternative to banks and domestic insurance company options. Property Type: Office, Mixed-Use, Self Storage, Flex, Industrial, Hotel, and Multifamily. Check size: $10 – $40MM Leverage: Up to 70% LTV on post COVID pricing. Lower for Retail and Hospitality. Rates: starting at 3.5% over LIBOR on floating and […]
Bridge Lending Solutions For All Commercial Real Estate Property Types
By M H
CAPITAL STRUCTURE: BRIDGE LOAN Nationwide lender offering quick closing bridge loans for purchase, refinance, repositioning and value-add 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
Bridge Loans For Transitional Hospitality Assets Nationwide
By M H
CAPITAL STRUCTURE: BRIDGE LOAN Insurance company launches new debt initiative focusing on transitional hotels 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
Non-Recourse Land, Bridge, And Construction Loans For A Variety Of Property Types
By M H
CAPITAL STRUCTURE: LAND LOAN/BRIDGE LOAN/CONSTRUCTION LOAN Balance sheet lender offering quick close, full discretion and non-recourse debt financing 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, […]
Bridge Loans For Value-Add And Opportunistic Acquisitions And Recapitalizations Nationwide
By M H
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 […]
Bridge And Construction Loans For Commercial And Multifamily Assets
By M H
CAPITAL STRUCTURE: BRIDGE LOAN/ CONSTRUCTION LOAN Private debt fund offering high leverage senior debt nationwide 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
International Life Insurance Company Seeking To Gain Market Share Is Actively Lending
By M H
CAPITAL STRUCTURE: BRIDGE LOAN / PERMANENT LOAN Large international LifeCo providing low cost and flexible alternative to banks and domestic insurance company options. Property Type: Office, Mixed-Use, Self Storage, Flex, Industrial, Hotel, and Multifamily. Check size: $10 – $40MM Leverage: Up to 70% LTV on post COVID pricing. Lower for Retail and Hospitality. Rates: starting at 3.5% over LIBOR on floating […]
Construction, Acquisition, And Bridge Loans For All Property Types In Western States
By M H
CAPITAL STRUCTURE: CONSTRUCTION LOAN/ PERMANENT LOAN/BRIDGE LOAN Community bank offering flexible debt financing for all asset types. Check Size: $5-100MM+ LTC: Up to 80% LTV Up to 80% Amortization: Interest only (Up to 30 years) Target: Minimum DSC 1.20x Recourse: Flexible. Non-recourse available on select property types based on loan metrics Property Types: All property types with a focus on multifamily, industrial, retail, […]
