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 $60+ million, providing liquidity and flexibility for our customer base.

Non-recourse Bridge Lending Parameters*

 
Floating Rate
Fixed Rate
Loan amount
$2,000,000 to $60,000,000+
$2,000,000 to $10,000,000
Loan Term
3-year initial term, plus two 1-year extension options
3-year initial term, plus two 1-year extension options
Asset Types
Multifamily focus; Retail, Office, Industrial, and Self-Storage considered
Value-add multifamily acquisitions
Security
First mortgage lien on subject property
First mortgage lien on subject property
Loan to Cost/Value
Up to 80% of purchase price (75% for non-multifamily) plus 100% of renovation and/or tenant improvements/leasing costs
Up to 80% of purchase price plus 100% of renovation costs
DSCR
Prefunded interest reserve required for low DSCR loans
Prefunded interest reserve required for low DSCR loans
Amortization
Interest-only during initial term, 30 years during extensions
Interest-only during initial term, 30 years during extensions
Rate
Market rate spread over 30-Day Average SOFR
Starting at 7.00%
Origination Fee
1.00%
1.00%
Exit Fee
0.50% – 1.00%
1.00%
Prepayment
No lockout; spread maintenance for 18-24 months
No lockout; prepayment penalty of 2% in Year 1, 1% in Year 2
Recourse
Non-recourse except for standard "bad boy" carve-outs
Non-recourse except for standard "bad boy" carve-outs
Sponsorship
Established track record with sufficient net worth and liquidity
Established track record with sufficient net worth and liquidity
Closing Timeline
30-45 days on average upon receipt of executed term sheet
30-45 days on average upon receipt of executed term sheet
Certainty of Execution
Funding via The Bancorp's balance sheet; no warehouse line
Funding via The Bancorp's balance sheet; no warehouse line

*Subject to credit underwriting and approval.

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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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