BRIDGE LOAN PROGRAMS

Program Highlights

Bridge Loan Program

CCFS offers a bridge program for both multifamily and multipurpose commercial property types nationwide.  The target transactions are quality properties that require short-term bridge financing for a variety of reasons; Time-Sensitive Deals, Troubled Sponsors, and Special Situations

  • Loan amounts $100,000 to $100,000,000+
  • Multifamily, mixed-use, retail, office, industrial (All property types considered)
  • 6 months and up to 5-year primary term
  • Interest Only payments
  • Partial or non-cash flowing assets
  • Up to 90% LTC / LTV
  • No minimum DSCR or DY required

Bridge To Freddie Mac Takeout

CCFS offers a “Bridge to Freddie” loan strategy which allows for Borrowers to acquire properties, which do not currently meet Freddie Mac SBL criteria, using a short-term bridge loan.

  • Loan amounts $1,000,000 to $7,500,000
  • Multifamily – mixed-use - income producing - investor properties
  • 6 months to 2-year primary term
  • Interest rates generally 300 bps to 500 bps over LIBOR
  • Partial or non-cash flowing assets
  • No minimum DSCR or DY required

Scenarios

  • Time-of-the-essence closings (1-3 weeks)
  • Sponsors who need a longer term but want the flexibility to prepay the loans as early as 6 months
  • Distressed or transitional borrowers (credit or liquidity issues, the loan as early as 6 months bankruptcy, litigation)
  • Bridge-to-Agency, HUD, CMBS
  • Transitional/value-add real estate w/ capex/TI/LC
  • Transitional/value-add multifamily real estate with capex
  • Bridge-to-Agency, HUD, CMBS
  • Lease-up plays
  • Construction completion
  • Partnership buyouts
  • Foreign Nationals
  • Note Financing
  • Special situations or “story” deals
  • DPOs
  • Other property types considered on a case by case basis• Foreign nationals• Note financing• Special situations or 'story' deals•

Initial Documents Needed for Pricing

  • Offering memorandum
  • Current detailed rent roll
  • Property income and expense statements for most recent 2-3 years and a year-to-date
  • Trailing 12-month operating statement
  • Proforma with capital expenditure schedule if applicable
  • Borrower / Sponsor’s Personal Financial Statement with Schedule of Real Estate Owned
  • Purchase & Sale Agreement if applicable
  • Bridge loan business plan with capital improvements breakdown, timeline and exit strategy
  • Cost basis if refinance (date of purchase, purchase price and amount of all Capex and TI/LC)
  • Borrower/Sponsor’s Bio
  • If available, appraisal and broker underwriting model

 

 

2,785

Cups of Coffee

1,288

Satisfied Clients

50

States Lending

7

Consultants

Commercial Capital Funding Solutions, LLC

OUR OFFICES

14735 Calusa Palms Drive #204
Fort Myers
FL 33919

21031 Ventura Blvd., Suite 415
Los Angeles
CA 91364