Bridge Lending

Program Description:

Edgewood’s bridge loan program is designed to help existing borrowers or investors acquire commercial real estate assets at a discount. In a period of tightened liquidity, Edgewood’s program will help borrowers/investors take advantage of the discounts being offered and enable them to stretch their equity capital.

Property Locations:

Nationwide.

Property Types:

Office, Multifamily, Industrial, Retail, Lodging, Mixed Use.

Loan Size:

$2,000,000 to $40,000,000.

Collateral Description:

First mortgage position an assignment of the first mortgage loan and all collateral documents.

Term:

Twelve to Thirty-six months with extensions available.

Advance Rate:

Up to 80% of cost.

Interest Rate:

As low as 8%.

Points:

2-3% of the loan amount to be paid from loan proceeds at closing.

Recourse:

Full, partial or non recourse depending on the transaction.