Bridge Loan Program - Silver Hill Funding

The Bridge Loan Program

Short-Term Bridge Debt Solutions

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The Bridge Loan Program

Short-Term Bridge Debt Solutions

Short & Long Term Options

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Loans from $1M to $5M

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Nationwide Lending*

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Strengthen your commercial mortgage product offering with competitive, non-bank options from a direct lender.

BRIDGE FINANCING

Take advantage of short-term, non-recourse, bridge loans designed to help borrowers execute on value-add repositioning plans for their commercial properties.

Best for: Commercial properties with some existing cash-flow that require light rehab or re-tenanting before permanent financing is achievable.

PERMANENT FINANCING

Secure non-recourse financing for strong sponsors who require the flexibility of a direct, portfolio lender.

Best for: Stabilized commercial properties, with in-place cash-flow which are near misses for Banks, Agency Lenders, Life Companies or CMBS Originators.

LET’S GET IN TOUCH!

Have a scenario to discuss right now? Simply want to learn more about our program? Fill out this form and one of our commercial loan experts will get in touch with you soon.

Program Highlights

Loan Amounts:

Max LTV Tier 1&2:

Purpose:

Term:

$1 MM – $5 MM

80%

Acquisition & Refinance

1 to 7-year primary term

PROPERTY TYPES Office, Retail, Light Industrial, Warehouse, Mixed-Use, Multifamily (5+ Units), Hotel (with an approved franchise agreement), MHC, Self-Storage, and other asset classes are on a case-by-case basis.

AMORTIZATION Generally interest-only or 30 years

INTEREST RATES Floating interest starting at LIBOR +475bps

Fixed interest starting at the greater of corresponding Swaps or Treasuries +375bps

BORROWER Single Purpose Entities

PROPERTY

OCCUPANCY Investor and Owner-Occupied (subject to minimum credit requirements)

FEES Origination fees starting at 0.5% (generally 1.00%)

Extension fees generally 0.25% per extension

Exit fees starting at 0.5% (generally 1.00%)

RECOURSE Non-recourse to Principals except for bad-boy carve-outs; further guarantees may be required on a case-by-case basis.

LOCATIONS Generally urban or suburban locations in primary, secondary, or tertiary markets

DSCR May be minimal at closing (i.e. <1.0x) but >=1.2x on an underwritten, stabilized basis

FUTURE FUNDING Generally loans are fully funded day one to include all future capital needs held in reserve

RESERVES/ESCROWS Reserves determined on a case-by-case basis for interest, operating expense, CapEx, repairs, TI/LC, etc.

Escrows required for taxes and insurance

MINIMUM INTEREST/

PREPAYMENT 1-3 year terms require call protection (minimum interest) for first 12-18 months

Terms > 3 years require a prepayment penalty of 36 to 60 months structured as declining or a flat 5% of remaining principal balance

DISCUSS YOUR SCENARIO WITH A BRIDGE LOAN EXPERT

Steve O’Shaughnessy

954.590.7720
soshaughnessy@silverhillfunding.com

“My Regional Manager, Transaction Manager, and the entire team were a pleasure to work with! Can’t wait to get the next deal closed with the team!”

George Panageotou

Program Highlights

$1 MM – $5 MM

Acquisition & Refinance

1 to 7-year primary term

Office, Retail, Light Industrial, Warehouse, Mixed-Use, Multifamily (5+ Units), Hotel (with an approved franchise agreement), MHC, Self-Storage, and other asset classes on a case-by-case basis

Generally interest-only or 30 years

Floating interest starting at LIBOR +475bps
Fixed interest starting at the greater of corresponding Swaps or Treasuries +375bps

Single Purpose Entities

Investor and Owner Occupied (subject to minimum credit requirements)

Origination fees starting at 0.5% (generally 1.00%)
Extension fees generally 0.25% per extension
Exit fees starting at 0.5% (generally 1.00%)

Non-recourse to Principals except for bad-boy carve-outs; further guarantees may be required on a case-by-case basis.

Generally urban or suburban locations in primary, secondary, or tertiary markets

May be minimal at closing (i.e. <1.0x) but >=1.2x on an underwritten, stabilized basis

Generally loans are fully funded day one to including all future capital needs held in reserve

1-3 year terms require call protection (minimum interest) for first 12-18 months
Terms > 3 years require a prepayment penalty of 36 to 60 months structured as declining or a flat 5% of remaining principal balance

Reserves determined on a case-by-case for interest, operating expense, CapEx, repairs, TI/LC, etc.
Escrows required for taxes and insurance

“My Regional Manager, Transaction Manager, and the entire team were a pleasure to work with! Can’t wait to get the next deal closed with the team!”
George Panageotou
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