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Non-Recourse Reposition Bridge Lender Funding Below Breakeven DCR

February 16, 2012

2 – 1 – 12
Non-Recourse Reposition Bridge Lender Funding Below Breakeven DCR. A  national capital provider has rolled out a non-recourse reposition bridge program funding transactions below break-even coverage. The lender is actively funding retail, industrial, and office properties and will consider hospitality. Total loan-to-stabilized value of 80% for loans from $10,000,000 to $50,000,000+ are advanced at LIBOR + 500 to 600 bpts with no floor. The lender will charge a 1 point or less origination fee with no exit fee.
Transaction Size: $10,000,000-$50,000,000+
Rate: L+500-600, No floor
Loan Term: 24-36 Months
Max LTV: 80%
Non-recourse
Geography: Nationwide

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