Commercial Bridge Hard Money
Short-term financing solutions tailored for your commercial mixed-use and multifamily properties, providing the flexibility and speed you need to seize promising opportunities in the real estate market.
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Commercial Bridge Lending
Discover the potential of our Commercial Bridge Program, a gateway to quick access for acquiring and improving multifamily properties with over 4 units, as well as mixed-use properties. Our end-to-end in-house loan process guarantees a streamlined and reliable solution, empowering you to expand and diversify your real estate portfolio.
With our support, you gain the ability to seize promising investment opportunities in a dynamic market. We provide the confidence and efficiency needed to capitalize on valuable assets, elevating your real estate ventures to new heights.
COMMERCIAL BRIDGE
Commercial Bridge Program Details
Interest Rate:
Rates Starting at 11.99%
Max Loan to Cost:
Up to 85% LTC of Total Project Cost
How Interest is Charged:
Interest Charged As Drawn
Max Loan to ARV:
Up to 75% ARLTV
Property Type:
Select Mixed-Use and Multifamily Properties
Loan Size:
Minimum Loan Amount $500,000
Limitations:
No Special Use or Commercial Only Properties
Loan Term:
12 Month Term
Frequently Asked Questions
What type of property qualifies under the commercial bridge program?
Any 5+ residential units commercial multifamily property and any mixed use property where the rental income generated from the residential units is greater than 50% compared to the rental income generated from the commercial units.
What are the qualifications for getting an approval from the commercial bridge program?
The borrower must provide documentation of prior experience investing with commercial properties. We also are looking for strong credit and liquidity with our sponsor for the loan. Our Max ARLTV is 70% and on a case by case basis goes up to 75%.
How much of the acquisition and construction is covered with the commercial bridge loan?
We will cover up to 80% of the acquisition price and 100% of the construction budget as long as the total loan does not exceed the Max ARLTV of 70 - 75%. The investor would need to bring the remaining 20 - 25% of the acquisition as money down for the loan program.
Do you offer a permanent loan option if my exit strategy is to refinance and hold onto the property once it has been improved and is stabilized?
Yes, we offer a few options with varying terms from 5 - 30 years on eligible mixed-use properties and multifamily properties of 5+ units. The LTV of the as is value is 75% for purchase and refinances. There is also a cash out refinance option if there is enough equity built up in the property leftover after paying off the existing mortgage.
Can you lend as a second lien position for seller financing?
Unfortunately, for all of our loans we must be in the first and only lien position. With a seller holdback we cannot lend unless we pay off the seller holdback lien and then we can refinance into a new loan where we are the sole and only lien holder.