Floating and Fixed Rate Bridge Financing with Future Funding

George Smith Partners is working with a national capital provider that will provide non-recourse floating and fixed rate bridge financing up to 80% of cost for commercial real estate value add opportunities, with future funding for leasing, capital work, interest/carry and earnouts. With terms up to 5 years, the loan sizes range from $3,500,000 to $35,000,000 (and larger for portfolios) and floating pricing from +/-300 bsp over LIBOR and fixed pricing from 4.75%. Program highlights include no interest on unfunded future dollars, no minimum initial cash flow requirement at closing and flexible prepayment.