Liberty SBF Bridge Loans Featured In: Commercial Mortgage Alert
Non-recourse bridge loans now available to middle-market CRE investors seeking financing from $5-15M
In response to strong borrower and investor demand, we recently announced a new bridge loan product for middle-market CRE investors, a group which previously had few quick-close financing options to choose from.
Our non-recourse bridge loan product provides 2- to 3-year financing terms for multifamily and commercial properties from $5-15 million, advancing up to 80% loan-to-cost with pricing starting at L+450. The Senior financing product enables investors to close more quickly on a new acquisition than with permanent financing. To qualify for a non-recourse bridge loan, which is akin to larger collateralized loan obligation (CLO) offerings, borrowers must meet an in-place cash-flow requirement.
“With increasing competition for assets and a need for financing opportunities for the middle market, our new bridge loan product presents CRE investors with a remarkable opportunity to secure short-term financing and seize opportunities fast,” says Alex Cohen, CEO & Co-Founder. “There has been growing interest from our broker and borrower community in this product, as there are very few non-recourse bridge options available at this price point for loans between $5-15 million. We’re proud to make this available to borrowers and brokers and help fill a void in the market.”
In November 2021, we provided a $5.2 million first-mortgage bridge loan for the acquisition of an industrial property in Las Vegas, Nevada. The borrowers had to close the acquisition financing quickly to take advantage of a below-market price on the asset. At the time of the acquisition, the property was 45% occupied.
With a best-in-class sourcing and loan servicing platform, we’ve closed over $750 million in commercial loans in 2021 to date, providing loans to middle market and emerging institutional borrowers at competitive rates and leverage.
Through our broker incentive program, we partner with brokers to facilitate bridge loans for their clients and earn referral fees. We close deals in 45 – 60 days after receiving a signed term sheet and deposit. For a premium, we can close loans in as few as three weeks.
Learn more about our middle-market bridge loan platform by clicking below.