Bridge Commercial Loans
Bridge Loans
Bridge financing gives owners the flexibility they need to reposition and stabilize commercial real estate properties. It is important to note that Bridge loans usually call for a clear exit strategy upon the loan’s term completion. Property types that fall under the Bridge Loan Program are as follows: apartments, industrial, medical, mixed use, office, retail, as well as self-storage. Max LTV can go up to 90%. Term length ranges from 12-36 months. Amortization is interest only, self-amortizing or a combination of the two. Debt Service Coverage Ratio requirements vary widely depending on the program and can usually range from sub 1 to 1. 6 times. Bridge loans are can be recourse and non-re...
