Real Estate Bridge Lending

SINGLE-SOURCE BRIDGE LENDING

The Real Estate Bridge Lending Team leverages our robust balance sheet, in-house underwriting and credit functions to offer high-touch service, customized financing solutions, and process efficiencies from loan origination through funding and asset management.

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Certainty of Execution

The Bancorp does not use third-party funding sources, which ensures a streamlined and transparent origination process.

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Attractive Leverage

Our bridge loans cover up to 80% of purchase price (75% for non-multifamily properties) plus 100% of renovation and/or tenant improvements/leasing costs.

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Flexible Financing

Our loans range from $2 million to $50+ million, providing liquidity and flexibility for our customer base.

Nonrecourse Bridge Lending Parameters

Loan Amount

$2,000,000 to $50,000,000+

Loan Term

3-year initial term, plus two 1-year extension options

Asset Types

Multifamily, Retail, Office, Industrial, Self-Storage, and Mobile Home Communities

Security

First mortgage lien on subject property

Borrowing Entity

Bankruptcy remote, single-purpose entity

Loan to Cost

Up to 80% of purchase price (75% for non-multifamily) plus 100% of renovation and/or tenant improvements/leasing costs

Loan to Value

Up to 80% of stabilized value (75% for non-multifamily)

DSCR Requirement

1.00x on NCF; prefunded interest reserves and/or guarantees considered

Amortization

Interest only during term, 25 to 30 years during extensions

Index

30-day average SOFR

Origination Fee

1.00%

Exit Fee

0.50% – 1.00%

Prepayment

No lock-out; spread maintenance for 18-24 months

Recourse

Nonrecourse except for standard "bad boy" carve-outs

Sponsorship

Established track record with sufficient net worth and liquidity

Agent & Client Discussing Pricing

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If you are a real estate broker or an investor looking to finance the purchase of commercial real estate, contact us today. Our Real Estate Bridge Lending Team is eager to work with you throughout the lifecycle of your loan.

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