Through our affiliate Cantilever Capital, we can assist developers and investors to secure bridge financing for multifamily and commercial properties.
Bridge loans provide first-position secured loans for properties that are located in primary and secondary markets. Bridge loans can be used to fund acquisitions, value-add, discounted payoffs and debt buybacks.
To learn more about bridge and mezzanine lending, click here to read this article.
|Loan Amount:||$2 million minimum|
|Interest Rate:||Fixed or floating rate above LIBOR. Spread based upon risk assessment and terms.|
|Loan Term:||Generally 1 to 3 years, with extension options available.|
|LTV/ LTC:||Generally 65%-70%±, subject to review.|
|Debt Service:||Interest-only, with interest reserve funded at closing.|
|Lender Points:||Generally, 1% to 3% due at origination|
|Lien Type:||First Mortgage/ Deed of Trust|
|Recourse:||Generally non-recourse with standard carve-outs.|
|Prepayment:||Generally permitted. Minimum interest guaranty usually required.|
|Property Types:||Multifamily, office, retail, hospitality, senior and student housing projects. Also, urban infill land for properties located in primary and secondary markets with strong demographic, population and employment trends.|
|Sponsorship:||Established track record and appropriate net worth and liquidity commensurate with transaction.|
|Closing||Generally within 30-60 days.|
Please contact us if you would like to learn more about this funding program. Thank you for your business.