Short-Term Bridge Loan

Property Types

 

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.

Short-Term Bridge Loan Parameters

  • Loan size of $1mm-$40mm
  • 1-2 year terms plus extensions
  • Fixed and floating rates
  • LTV up to 80% As-Is for multifamily and industrial, 70% for other asset types
  • Origination fee: 1% origination fee at closing
  • 1st and 2nd mortgage
  • Funding time as little as 2-3 weeks
  • Interest only
  • Non-recourse with standard carve outs
  • No prepayment penalty

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