Bridge loan rates can vary and are generally based on a spread over a specific LIBOR index. Wed be happy to speak with you about what a career in commercial lending looks like, and how were able to sustain such success here at Clopton Capital. Simply contact us and well be happy to answer your questions. $1,482,000 Typical property types that Park West has funded before included student housing projects as well as industrial properties. Hard Assets (collateral) are leveraged to secure these loans - like real estate or equipment. By being more creative and nimble than alternative capital providers we work to create opportunities while other lenders see obstacles. Wondering whether you should seek a commercial bridge loan? Edgewood Capital is a recognized industry leader that has been helping commercial real estate borrowers get from Point A to Point B since 2002. Interest only payments are standard in bridge lending. At Clopton Capital, we have access to the nations most respected network of commercial bridge lenders to help you find the perfect solution for your unique needs and goals. A bridge loan is any loan designed to provide fast funding for a purchase, renovation, or other investment while an investor waits for long-term financing. Related Articles: Rely on AVANA Capital to help preserve your wealth and create growth for your business. How assets are valued can change depending on the asset, but often will be based on Forced Liquidation Value. Depending on the purchase, best experience providers can be key for attracting customers, and bridge loans can help. In the competitive world of commercial real estate, finding a timely financing solution is central to your business success. 866-986-0192. Dont wait to apply for a commercial bridge loan and let an opportunity slip away. Our team develops fast financing solutions for commercial real estate that help business owners meet their goals. Interest Rate: LIBOR-based floating rate. If you wait around for long-term financing to be approved and funded, an investment opportunity may already be gone. 12-36 month initial term, with an option to extend. On the other hand, we, as a trusted commercial bridge loan lender, will take care of everything and close the commercial bridge loan requirement within a week. Rates are always changing with the market, so contact one of our Clopton Capital real estate and commercial bridge loan specialists to discuss current rates and what you can expect based on your credit worthiness and collateral. Our bridge loans provide the capital you need to readily succeed with every real estate venture. Commercial Bridge Loans Many times a company is approved for a loan through its bank, or financial institution, but the loan doesn't close for 4-6 months. Commercial Bridge New Construction Broker Deals Contact | (818) 933-5920 GET A QUOTE . Discounted Payoff or other Timely Credit Event). We have definitely benefited from our relationship with BLC and highly recommend them to any prospective borrower. It helps bridge the gap for a short period of time until the sale or refinancing can be obtained for commercial properties. As the needs of each client differ, so does the loan they require. Get up to $25 million and preapproved in 3 days. Our client needed financing fast. Unlike CMBS lendersand conventional banks that mainly loan on stabilized properties with consistent cash-flow, bridge lenders focus more on the borrowers business plan to bring an underperforming asset to stabilization via lease-up of vacant units, rehab, redevelopment and management change for mismanaged properties. We're a hard money lender specializing in short-term loans ranging from 12 to 24 months in length, and $100K to $7M in loan size. AVANA Capital prioritizes a fast closing process with our commercial bridge loan program, enabling entrepreneurs to make swift, informed decisions. Austin's Commercial Bridge Lender. Website: bloomfieldcapital.com Phone: (248) 745-1700, Socotra Capital has worked as a hard money lender in the commercial lending industry for a number of years. The bridge debt is secured by a first-position mortgage on a property and plays an intricate role when it comes to commercial real estate loans because it offers borrowers an opportunity to stabilize an asset by either rehabbing vacant units, increasing occupancy levels or executing an adaptive re-use business plan. And when you need a bridge loan to take quick action and take advantage of temporary opportunities, a time-consuming process simply wont do. Sign up to receive more well-researched finance articles and topics in your inbox, personalized for you. We understandthe value of timeand therefore pride ourselves on our ability to provide promptfeedback. Agree to Terms We will issue terms within 3 to 5 days of receiving documents. We are one of the most renowned commercial mortgage brokers. Here are some of the commercial loans we have recently funded Assisted Living Facility Bridge Loan Purchase $5,325,000 Connecticut Retail Bridge Loan Refinance $10,387,000 Texas Office Building Bridge Loan Refinance $4,250,000 Utah Medical Office Building Bridge Loan Refinance $3,800,000 Florida Warehouse Bridge Loan Refinance $1,872,000 Purchase, Refinance, Cash-Out Refinance of Commercial Real Estate, Owner Occupied, Investor, and Multi-Family (4 units and above), Multi-Use: Warehouse, Office, Industrial, Medical, Flex, Auto Body, Office Condo, Retail, Restaurant, Special Use: Gas Stations, Mini Storage, Cold Storage, Funeral Home, Bowling Alley, Urgent Care, Surgery Center, Auto Repair, Car Dealership, Wineries, Assisted Living Facilities and Hospitality on a case by case basis, Loan Fees Lender will typically charge a minimum of a 1% Loan Fee. When a deal is complex, unusual or time is short, we provide our borrowers with certainty of execution. Something About Us. Our deep industry knowledge and strong reputation are some of the key reasons why we are one of the leading commercial brokers in the United States. Call or E-Mail to discuss your bridge financing needs with our loan professionals. 842 Enterprises needed a lender that not only believed in the familys vision, but also understood the nuances of modular construction and its benefits. Bridge Loan: A bridge loan or bridge financing is a loan that spans a gap between two other loans. We also have programs for Special Situations. Our quick . Leverage will vary depending on the strength of the deal and property type. We have the ability to close the deals within a short period of time. Gap and interim financing are other names frequently used when discussing this topic. At BLC, our philosophy is that borrower satisfaction has to be a top priority, and we put our money where our mouth is with no application fees, no crazy due diligence fees. A traditional loan from a bank takes a minimum of 45 days and lots of paperwork, which is not suitable for commercial real estate (CRE) investors in this competitive industry. Apply Now. I highly recommend him for anyone who needs quick funding! Many property types can qualify, some of which include: apartment buildings, shopping centers, office, hotel, industrial and self storage properties. Fax: (936) 588-8550. Some fees could be waived if permanent financing is also secured through Arbor. Due to the fact bridge loans can be risky, the interest on a commercial bridge loan is higher than normal loans. Please answer all questions in the space below and click "Apply Now" when done. Commercial bridge loans are unique financing options that allow buyers to take advantage of immediate opportunities, designed to bridge the gap between that short-term loan need and more long-term financing down the road. The most appropriate loan option would be a bridge loan. Commercial Term Loans We can help you expand your mid to large sized business or purchase non-real-estate business assets with term loan financing starting at $250,000. Up to 100% future funding of tenant improvements and leasing commissions (TI/LC). CID provides bridge loans with a 12-month minimum term. Two thumbs up to the Business Loan Capital Team. Maxim Capital Group is a leading direct commercial real estate bridge lender. BLC always outlines a clear and transparent process from start to finish; setting expectations and delivering each step of the way. Download PDF Offices Loan Term: 12-36 month initial term (option to extend may be available), Amortization: Typically, interest-only payments, Recourse: Generally, non-recourse, with industry standard carve outs. Here is exactly why people choose us for commercial bridge loans. If you are looking for a fast, flexible, and reliable financing option, we can help you. Private bridge loans are available quickly, closing in as little as 14 days, allowing you to leverage your assets for new investments whenever opportunities arise. Our corporate office is located in the business district of beautiful downtown Houston, Texas, and funds loans in all 50 States as well as Internationally. Our lenders offer short term financing up to 60 months with extensions, however most commercial bridge loans will be for much shorter periods. Our Advisory Services will help you decide the best-fit lending options. Amount: $1,000,000 Max. For instance, what is the estimated timeframe of your project? About. While the turnaround time usually falls between 45 and 60 days, it can be as little as 10 to 30 days. Our loans work by effectively borrowing money for a down payment on your new property before your existing property has sold. It can be a good idea if you want to buy a property before selling existing commercial property. Bridge lenders have a strong emphasis on the exit strategy upon loan maturity date. Unlike the other options listed here, C-Loans.com isnt an individual lender but rather a broker that uses as many as 750 lenders to secure the best commercial bridge loan option for the borrower. Depending on the desired repayment term, the amount desired, and the long-term plan for the property, each of the four lending options listed above have terms that might fit one business better than another. In real estate, commercial bridge loans usually allow investors to purchase a new property, renovate an existing property, or get started on other related real estate projects while they await more permanent financing solutions. The largest and most active bridge lenders are generally debt funds, private money lenders and hedge funds. They closed my commercial bridge loan in 14 days after a previous lender backed out at the last minute. The commercial real estate financing company prioritizes commercial bridge loan opportunities. Preapproval is promised on its website in as few as three days. They needed to clear an $8 million maturing commercial property loan for a retail center, and the center had a large space that was on a rolling lease. California. Call: (936) 588-8501. CID provides loans for commercial and investment property types exclusively. Capital Investors Direct is here to make your life easy. A Commercial Bridge Loan typically bridges a gap between the purchase of commercial real estate and the investor's exit strategy. This field is for validation purposes and should be left unchanged. New York, NY 10003-1502, California Privacy Rights | Privacy | Terms | Sitemap. Private Capital Investors, being a direct . Connect with an AVANA Capital team member to learn more about our loan process. Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you. PMF Partners are a Hard Money lender. This interim form of financing can give you access to the capital you need to thrive while securing more permanent financing. Commercial Bridge loans are flexible financing structures that can handle virtually any lending scenario. Our team has over 150 years of combined industry experience. Additionally, the loan terms with Park West range from 1 to 3 years, depending on a clients project timeline. PSG Lending is a direct lender of bridge capital nationwide. This option is especially useful for those who may feel pressed for time when changing properties. As a result, bridge loans are expected to be relatively short when it comes to their terms between a few months to a year or so. I want to thank the BLC team for one of the most pleasant experiences I ever had working with a lender. Take advantage of a discounted purchase option, refinance opportunity, or note purchase with a lending solution designed around your needs. In addition, loan amounts range from $100,000 to $12 million. When evaluating commercial bridge loan providers, we considered the minimum and maximum loan amounts, the potential interest rates, and the turnaround time for both approval and loan closing. Clopton Capital is one of the leading commercial mortgage brokers in the United States and is backed by professionally trained and experienced commercial real estate loan brokers. Bridge Loans. These short-term loans can quickly provide the borrower with the urgent funding necessary to reposition their existing project, or acquire a new project. This helps a potential business owner, or one that is expanding to have a credit line to get more supplies, inventory, equipment and whatever it takes to grow or expand a business. Minimum DSCR: 1.25x at exit with appropriate in-place DSCR; lower DSCRs considered if payment supported by pre-funded interest reserves or guarantees. A commercial bridge in personal finance is simply another name for a bridge loan, and is used in the same way bridging the gap until you can acquire long-term financing. Acquisition, Refinancing, Recapitalization and Renovation. DIRECT LENDER -WE ARE NOT BROKERS LOANS BETWEEN $1 MILLION & $35+ MILLION LENDING NATIONWIDE APPLY NOW RATES & TERMS Click below to learn more about our bridge loan programs Commercial HARD MONEY $1 - $35+ Million at 7.99% - 9.99% up to 2 years LEARN MORE RECENT NEWS Check out our latest news. With over 25 years of commercial bridge loan lending, Capital Funding Group is a name you can trust. With over 25 years of commercial bridge loan lending, Capital Funding Group is a name you can trust. We can help you with your purchases, refinances, or fix-and-flips. For example, it can help a large business looking to change their location but are having trouble finding a buyer for their current building. Joint Ventures. At Bridge Lending Group we know how time is of the essence for many borrowers who are looking . We make the loan process seamless through our industry expertise. At Stratton Equities, we offer rates as low as 9.99% with an LTV Ratio up to 75% allowing borrowers to get a quality loan for a quality interest rate. Commercial Bridge Loans are flexible loans used by commercial real estate investors on a short-term basis. He pulled off the incredible in such a short time and would happily work with him again. Our client was looking for an acquisition and rehab bridge loan (interest only with non-recourse) for an apartment building deal. To make repairs in commercial property To add value to existing commercial property To roll mortgage on the new commercial property while you wait for your current property to sell To finish an under-construction project that has exhausted its financing. From a birds-eye view, nothing. Available to commercial property investors nationwide! In the end, when planning any commercial real estate project, choosing the right financing option is one of the most important steps to undertake. When working with Brookview, you get hands-on senior level talent with the creativity to figure out solutions to the even most challenging deals. Most commonly, these loans are used to . Available nationwide in all states besides Nevada and California, Bloomfield Capital provides commercial bridge loans of up to $20 million. Non-Recourse in most cases. Socotra Capital. For commercial bridge loans you should consider interest rates, loan amounts, approval and closing timelines, terms, fees, lender reputations, and prepayment incentives. We are with you every step of the process. Loans up to 75% of the purchase price, appraised value, or Broker opinion of value No Minimum Fico scores as we look at credit history.