Platinum Bridge Program

Loan Amount: $3,000,000 to $50,000,000

Leverage: Up to 75% loan-to-value

Term: 2 to 3 years

Rate: 5.00% to 6.50% (interest only)

Recourse: Usually non-recourse

Prepayment: 6- to 18-month options

Debt Service: 0.0 to 1.15. 1.25 at exit

Property Types: Multifamily, office, retail, self-storage, single tenant, industrial, mixed use, hospitality, business-owner occupied

Premium Bridge Program

Loan Amount: $1,000,000 to $20,000,000

Leverage: Up to 75% loan-to-value

Term: 2 

Rate: 6.00% to 8.50% (interest only)

Recourse: Usually non-recourse

Prepayment: 6- to 18-month options

Debt Service: 0.0 to 1.15. 1.25 at exit

Property Types: Multifamily, office, retail, self-storage, single tenant, industrial, mixed use, hospitality, business-owner occupied

Standard Bridge Program

Loan Amount: $500,000 to $10,000,000

Leverage: 65% to 75% loan-to-value

Term: 1 year with extensions 

Rate: 10.00% to 13.00%  (interest only)

Recourse: Usually recourse

Prepayment: 6- to 18-month options

Debt Service: 0.0 to 1.15    

Property Types: Multifamily, office, retail, self-storage, single tenant, industrial, mixed use, hospitality, business-owner occupied

Structured Equity Program

Loan Amount: $2,000,000 to $25,000,000

Leverage: CLTV:  85% to 75% first mortgage, 10% mezzanine second mortgage

Term: 2 to 3 years 

Rate: Lender internal rate of return 12% to 18%

Recourse: Can be non-recourse

Prepayment: 12- to 24-month options

Debt Service: 0.0 to 1.25    

Property Types: Multifamily, office, retail, self-storage, single tenant, industrial, mixed use, hospitality, business-owner occupied

Note Purchase Program

Leverage: $1,000,000 to $20,000 per note

In most cases, the note purchase loan converts to a non-recourse bridge loan when the property is foreclosed upon, allowing time to stabilize the property. 

Property types:  Most commercial property types considered

Note Purchase Loan Program automatically converts to a bridge/mini perm loan when the underlying property backing a note is foreclosed upon. The benefits of such a loan—including non-recourse, lease-up facility and others—allow time to stabilize the property.