office 480.682.4501
fax 480.682.4517
BK-0910597
Bridge financing products work for commercial property owners who need interim financing for minor to moderate renovations or other value-added strategies for their property, repayment of construction loans on properties that have not yet stabilized, or to facilitate 1031 exchanges. We offer a full range of bridge products that feature: flexible prepayment structures, financing prepayment structures, financing of up to 90% of costs, loans for as little as $2 million.
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Eligibility Multifamily, office, retail, healthcare and industrial trial properties in stable or improving markets
Loan Amounts $2 million minimum. No maximum
Term/Amortization 1-3 year term/interest only
Interest Rate Competitive rates quoted daily
Debt service coverage ratio 0.90 - 1.15x minimum (varies by product)
Loan to value 80-100% maximum (varies by product)
Personal recourse Non-recourse with standard "Carve-Outs"
Prepayment Varies by product
Origination Fee 1-3% (varies by product)
Commitment Fee 2% (refundable)
Third Party Fees Includes legal, appraisal, engineering, and environmental reports. Seismic reports and survey may also be required
Minimum Occupancy Requirement Varies by product
Exit Fees 1-3% (varies by product, waived if refinanced with ARCS)
Taxes and Insurance Impounds
Assumability
Supplemental Mortgages
Venture Placement Fee 1% to 2% dependent on property