«There are more players entering the market than exiting, and you are finding lenders trying to differentiate themselves to fend off some of the competition,» says Bobby Khorshidi, president and principal of Archway Fund, a non-bank bridge lender that focuses primarily on the Western U.S. with
bridge loans ranging between $ 2 million and $ 20 million.
Not exact matches
Commercial
bridge loans, on the other hand, are designed for a broader
range of purposes that are not designated just to residences.
We have extensive leveraged finance capability, delivering integrated bank / bond advice to underwriters and issuers, advising a wide
range of non-bank investors and funds on all leveraged finance trends, including senior /
bridge / bond commitments, private high yield and evolving intercreditor arrangements; as well as on new financing originations, restructuring, refinancing, distressed acquisitions, non-performing
loan portfolio acquisitions, private equity and special situations.
He has wide -
ranging experience with middle - market financing transactions, including traditional commercial leveraged debt financings, venture debt financings and
bridge loans.
Most of the
bridge loans Grandbridge arranges are for non-bank, non-recourse institutional deals on core, core - plus and value - add projects with pricing
ranging from 250 to 700 basis points over LIBOR.
Bridge loans carry higher interest rates — typically
ranging anywhere from 9 % up to as high as 15 % — with
loan fees usually set between 2 % and 5 %.
By definition, a
bridge loan is a real estate
loan intended for a relatively short time period — typically
ranging from six months to three years.
Berkadia has been busy so far this month, closing four transactions that
ranged from Fannie Mae financing to HUD debt to a
bridge loan.
With
loans ranging from $ 1 million to $ 20 million per commercial property and $ 500,000 to $ 20 million for single - family rental portfolios, our broad menu of
bridge and permanent
loans cover the entire life cycle of properties across the United States.
Bridge loan terms
range from 6 - 12 months.