Our Commercial Bridge Program specializes in providing bridge loans to owners, investors and developers in need of funding on repositioning properties. Our streamlined process and extensive experience results in fast and smooth closings.
Some of our key features and benefits include:
Minimum Occupancy Requirement: None
Stabilized or stabilizing multi-family and commercial collateral; multi-family, mixed-use, office, warehouse, retail, industrial, hospitality, student housing and special use properties considered, even pre-development
$1.0 – $25.0 million-depending on eligible type.
Larger loans considered on a case-by-case basis
Up to 3 years with 6 month extension with pre-approval
No Prepayment: None
Varies by eligible property type, generally lesser of 65% “As-Is” value or 75% loan-to-appraised value upon stabilization
65% including costs associated with renovations