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Non-Recourse Bridge Financing, Rates in the Low 3’s

George Smith Partners is working with a nationwide direct balance sheet lender offering non-recourse, interest only bridge financing that focusses primarily on multifamily, office, industrial, retail, mixed-use, parking, self-storage, manufactured housing, hospitality and SFR portfolios. Rates start at 3% for loans up to $50,000,000. Typical loan structures include two- or three-year initial terms with extensions up to 2 years, 80% LTV for multifamily and industrial and 70% LTV for other product types. Lender will consider requests for acquisition, refinances, equity recapture, renovations and DPO’s for loans up to $40,000,000.