financing is ideally suited for the development of new commercial properties,
or the renovation and repositioning of existing properties, for both pre-leased
and speculative development. Most property types are considered. Loan structures,
pricing, loan to cost ratios and recourse requirements are flexible and will be
tailored to meet the needs and risk profiles of individual transactions. Bridge
loan programs include the following:
of 75% to 85% (up to 100% on pre-leased projects)
of 75% on most property types; 65% on special purpose and hotels
can be structured with holdbacks for funding of all renovation and/or construction
costs, tenant improvements, leasing commissions, and interest carry until stabilization.
- Maximum loans
are typically 75% of the stabilized value funded upon achieving specified occupancy
and NOI requirements.
are typically non-recourse, except for standard carve-outs.
closes available for time sensitive transactions
month interest only typical bridge term. Extension options available.
rate typically six month LIBOR plus margins of 3.0% to 4.0%.
loan takeout option can be offered bridge loans with no additional fee.
an Account Executive
and terms subject to change without notice