SENIOR DEBT BRIDGE
Bridge loan program is designed to help existing borrowers or investors acquire or refinance commercial real estate assets at a discount to the collateral's fair market value. In a period of tightened liquidity, LTR CAPITAL PARTNERS bridge loan program helps borrowers take advantage of the discounts being offered, allowing them to right-size their balance sheets or capitalize on an opportunistic acquisition. Conversely, when the economy/market is in expansion mode, bridge program allows investors to close on opportunistic acquisition targets quickly, or close on properties that are in need of renovations and/or lease up prior to qualifying for conventional financing. While all transactions are evaluated and priced on a deal-by-deal basis, the following is a general outline of the terms typically offered:
Loan Amount: $1,000,000 - $10,000,000 (larger on a case-by-case basis)
Term: Up to 36 months
Property Types: Office, Industrial, Retail, Mixed-use, Multi-family, ALF, Hotel
Repayment: Interest only with balloon payment at maturity
Lending Territory: Nationwide
Loan to Value: Up to 75% of appraised value
Prepayment Penalty: None
Rate: 8-12%
Fees: 2-5% origination fee
Collateral: First mortgage/deed of trust