Intermediate Term Financing
Bridge Funding offers intermediate-term financing designed to provide clients with terms of up to three years on cash flowing properties and transitional assets. Clients frequently utilize intermediate-term financing as an important component of the capital structure during the transitional period to bridge to long-term permanent financing.
Where traditional banks are incapable of underwriting a unique situation, Bridge Funding dedicates the time and expertise to understand the client's business plan. Bridge Funding has financed scores of clients through a transitional period to long-term institutional debt.
- Amount: $1-20 million
- Term: 18-36 months
- LTV: Maximum of 90% as-is, 70% as-stabilized
- Commitment Fee: 1-3%, varies by transaction
- Interest: 8-11%
- Security: First mortgage; second mortgage and mezzanine available at competitive pricing
- Other: Recourse; Typically interest-only