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 loan product based on the type or scale of your endeavor, your credit, and your experience.
Bridge loans can help you secure opportunities you may be forced to miss out on otherwise. 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 up to 3 years maximum (1 year is a more common maximum)
- Up to 90% of the total cost of acquisition and renovation
- 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
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
At Speritas Capital Partners, we can match you with the right commercial real estate financing solution. Contact us today to learn more.