Bridge Loans for Commercial Real Estate Development
Speritas Capital Partners specializes in designing creative financing solutions for complex or construction-heavy commercial real estate projects. We can help you find a customized bridge loan product based on the type or scale of your endeavor, your credit, and your experience.
Bridge loans can help you secure opportunities on which you might otherwise miss. These types of loans have shorter maturities and higher rates, but can be approved faster than traditional commercial real estate loans. Bridge loans for commercial real estate are paid off when the borrower obtains more permanent financing.
Bridge Loans through Speritas Capital feature:
- Loans from $500,000 to $50,000,000
- Maturities typically 1 year maximum
- Up to 85% of the total cost of acquisition and renovation, depending on property type
- Interest only
- Often no prepayment penalties
- Non-recourse and partial recourse
- Senior loans, mezzanine, and preferred available
- Property types: Multifamily, mixed use, office, industrial, self-storage, retail centers, hospitality, apartment complexes, warehouses, shopping malls, undeveloped land
Purposes for Bridge Loans
Bridge loans can be a solution for a variety of financing needs, such as:
- Obtaining funds to fix and flip a property
- Renovation or adding value to a property
- Adaptive re-use and value-add
- Cash-out refinancings
- Quick closings
- New construction
- Discounted payoffs
You need a strategic, cost effective solution to your financing needs and a financing advisor you can trust. And one who never takes upfront fees. Let us put our decades of banking and structuring experience to work for you – contact Speritas Capital Partners about commercial bridge loans today.