BRIDGE

Loan Amount

$15 – $150 million; may go higher in select cases

Term

3-year term with two (2) x 1-year extension options

Loan-to-value (LTV)

Up to 70% for stabilized commercial and hotel
Up to 75% for stabilized multifamily

Debt Yield

Tailored to each transaction

Purpose

Acquisition, Refinancing, Repositioning, Workout, Recapitalization

Loan Type

SOFR-based floating rate loans

Pricing

Competitive pricing tailored to each transaction

Amortization

Interest-Only

Recourse

Non-recourse except for standard carve-outs

Fees

Negotiable, generally 1% origination and 1% exit fee

Prepayment

Flexible

Property Types / Geography

Multifamily, Retail, Office, Industrial, Hospitality, Mobile Home Parks and Self-Storage properties located in primary and secondary markets throughout the U.S.