Our Commercial Real Estate Products

COMMERCIAL REAL ESTATE BRIDGE LOANS

TRANSITIONAL BRIDGE

  • Properties must have in-place cash flow and minimal capex requirements

VALUE ADD BRIDGE

  • Properties requiring light or heavy renovation, partial or non-cash flowing
  • Vacant properties requiring heavy rehab eligible for strong sponsors
  • No ground up construction projects
  • Non-interest bearing future funding facilities available

Typical Terms

LENDING CRITERIA TRANSITIONAL BRIDGE VALUE ADD BRIDGE
Loan Size $2-30MM $2-30MM
Property Types Office/Retail/Mixed Use/Industrial/Self Storage/Hospitality Office/Retail/Mixed Use/Industrial/Self Storage/Hospitality
Maximum Loan to Project Cost (incl. Financing) 80% 80%
Max Stabilized LTV 70% 70%
Reserves (as required) Interest/Tax/Insurance/TILC/Capex Interest/Tax/Insurance/TILC/Capex
Loan Term 12-36 months 12-36 months
Typical Origination/Exit Fees 1.0%/1.0% 1.0%/1.0%
Prepayment Open Prepay with Minimum Interest Open Prepay with Minimum Interest
Loan Guaranty Non-recourse, with standard bad boy carveouts Typically Full Recourse. Non-recourse on case-by-case basis
Minimum Guarantor FICO 640 640
Minimum Guarantor Liquidity/Net Worth 15%/100% of Loan Size 15%/100% of Loan Size
Guarantor Bankruptcy/Foreclosures None in last 5 Years None in last 5 Years

Featured Project

Mixed Use Development Loan

Hollywood, FL
$6,000,000