Short-Term Bridge Loan

The need for a bridge loan arises because of three reasons:

  1. An acquisition/partnership issue/DPO from distressed lender
  2. A transitional property
  3. Transitional Borrower

VCREF has a specialized focus on middle-market bridge loans with the experience and knowledge to structure a custom loan to fit the needs of the Borrower.  VCREF’s bridge loan offers features such as future earn-outs, financing for leasing costs and tenant improvements, and no prepayment penalty.  There is also an option for limited and non-recourse if the property and Borrower qualifies.

Property Types

Short-Term Bridge Loan Parameters

  • Loan size of $1mm-$20mm
  • 1-2 year terms plus extensions
  • Fixed and floating rates
  • LTV up to 80% As-Is for multifamily, 70% for other classes
  • Origination fee: 1-2% at close and up to 1% exit fee
  • 1st and 2nd mortgage
  • Funding time as little as 2 weeks
  • Interest only
  • Non-recourse option available
  • No prepayment penalty

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