These terms are from a specific lender and do not reprersent a quote and final terms as they vary from loan to loan.

 

BRIDGE LOAN DESCRIPTION: Nationwide bridge lending platform targeting transitional, value-add and event driven commercial and multifamily properties.

LOAN AMOUNT: $1MM to $25MM (larger on a case-by-case basis)

LOAN TERM: Generally, 1-3 years plus extensions; up to 5 years.

 

ASSET TYPES

 

Core: Multifamily, office, retail, industrial, mixed-use.

Non-core: Self-storage, student housing, hospitality, residential and commercial.

INTEREST RATE: Generally, 5.00% - 6.00%+ over LIBOR. Fixed rate available. Higher rates may be required by some lenders.

DSCR REQUIREMENT: None. Partial or non-cash flowing assets.

AMORTIZATION: Interest only; amortization structured on a case-by-case basis.

FUTURE ADVANCES: Tenant improvement, leasing commissions and capital expenditures.

EARN OUT: Available on a case-by-case basis.

RECOURSE: Usually required.

PREPAYMENT: Freely pre-payable. Minimum interest may apply.

 

Questions? Contact Madera Financial Today to discuss finding the right Bridge Loan for your needs

(520)241-0969

 

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