Commercial Bridge Loan
When to choose a Commercial Bridge Loan
There are a host of situations when you may need a commercial bridge loan. Maybe it is due to speed, an opportunity that requires a more flexible funding approach. What ever the reason, Main Source Capital has the funding to accommodate all real estate investors.
Transaction Types
- Acquisitions
- Refinancing
- Construction/Rehab
- Pre-Development
- Value-add/Transitional
- Limited or Non-cash flowing
- Time Sensitive Closings
- Condo Inventory
- Bank Turndowns
- Blanket Loans
- Resolve Trouble Loans
- Vacant Properties
- Discounted Note Payoffs
- Note Acquisition Financing
- Foreclosures
- Partner Restructuring
Loan Amounts: Up to $75mm (larger amounts available case-by-case)
Loan Types: 1st Mortgages, Blanket Mortgages, A & B Pieces and Mezzanine
Geography: Nationwide (subject to certain states with licensing restrictions)
Property Types: Most commercial and residential investment property types
Loan To Value: Up to 75% of stabilized value
Duration: Bridge, 1 year and 3 year terms available
Rates: Starting at L + 500, fixed rates available
Recourse: Typically, non-recourse subject to “bad-boy” carve outs
Prepayment: Flexible prepayment options
Closing Time: As quickly as 2 week