Participating Bridge Loan Program
Providing financing solutions
Participating Bridge Loan Program
Higher-leverage, fixed-rate bridge lending program for commercial real estate assets that have a substantial value-creation component. The loan includes a larger equity component in exchange for a percentage of the value creation realized in the project at sale or refinance.
- You’re seeking short-term funding to build, rehabilitate, reposition or stabilize an asset
- You need financing with an equity component provided by the lender
- You need flexible, non-permanent capital to build or implement a conversion, expansion or renovation on a core commercial real estate asset
financing parameters
$1 Million to $15 Million
Primary, secondary & select tertiary markets with a minimum population of 50,000 to 100,000 people
Starting at 11.99% fixed rate (interest only)
1 to 3 Years (fully extended)
Periods of 6 to 12 months, available at market extension fees depending on business plan
15% to 25% participation in value creation (based on specific transaction)
Senior Position (secondary financing prohibited)
Full funding with holdback
Full/Limited Recourse
30 to 45 days from acceptance of LOI and receipt of deposits
Provided based on transaction underwriting
Minimum interest, generally half of initial loan term
Future funding facility toward tenant improvements, leasing commissions, rehabilitation and conversion costs
Expense deposit adequate to cover costs for third-party reports, legal fees and other customary due diligence or underwriting costs
CONTACT US
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HEADQUARTERS
625 Kenmoor Avenue SE, Suite 200
Grand Rapids, MI 49546
616.324.0590
[email protected]