Bridge LOAN criteria
Loan Amount
$2 - $200+ million
Interest Rate
SOFR plus 300-600 basis points
Loan Term
6-48 months with extension options available
Amortization
Interest only
Asset Types
All asset types
Loan Scenarios
Acquisitions, partner buyouts, refinances, blanket loans, value add/transitional, etc.
Security
First lien position required
Loan-to-Value
Up to 75%
Loan-to-Cost
Up to 85% on select projects
Origination/Exit Fees
Typically 100 basis points
Recourse
Non-recourse (usually completion guaranty)
Geographical Focus
Throughout the Continental US, certain markets excluded
Prepayment
No prepayment penalty, subject to other parameters
Closing Time
As quickly as one week