Short-term Commercial

Commercial Bridge
For any commercial property including those with minimal cap-ex requirements, properties requiring light renovation, or vacant properties requiring heavy renovation. Can be fully occupied, partially cash-flowing, or non-cash flowing.


Multifamily, Office, Retail, Mixed-Use, Industrial, Self Storage, Hospitality

$2,000,000 - $50,000,000+

85%

75%

Interest/Tax/Insurance/TILC/Capex

12-36 months

Libor + 3.0 - 6.0%

1.5 - 2.0% / 1.0%

Open Prepay with Minimum Interest

Non-recourse with standard bad boy carveouts

Property Type


Loan Amount

Maximum LTC (including financing)

Maximum LTV (stabilized)

Reserves (as required)

Loan Term

Rate

Origination/Exit Fees

Prepayment

Guaranty


Build-To-Suit Construction Loans
For ground-up construction or retrofitting of existing structures. Minimum 10-year NNN lease must be executed pre-close. All direct project costs including land and soft costs can be included. Single tenant projects with strong tenant credit preferred. Only strong national credit tenants considered for multi-tenant projects.


$2,500,000 - $40,000,000+

80% - 100%

75%

Interest/Tax/Insurance/Construction

12-36 months

Libor + 5.0%

2.0% / 1.0%

Open prepay with minimum interest

Non recourse with completion guaranty. Surety bond may be required.

Loan Size

Max LTC (including Financing)

Max LTV (Stabilized)

Reserves (as required)

Term

Rate

Typical Origination/Exit Fees

Prepayment

Guaranty