As the home purchase market continues to heat up in many US markets, repeat buyers are increasingly looking to a bridge loan
as a way to manage the logistics and costs of buying a home before selling their current one.
drive our permanent business and in many cases we offer these loans because we want to strengthen a relationship with that client.
AGEA raised $4 million in bridge financing in 2000, but when the market went south, the terms of the bridge loan
gave its providers extremely attractive terms for taking a stake in the company.
A bridge loan
is used as a temporary means to carry a company during its start-up phase or until long-term funds such as grants or other loans can be secured.
IN MERGER AND ACQUISITION TRANSACTIONS
The availability and accessibility of bridge loans
for healthcare and multifamily properties is vital for owners, property operators and intermediaries who need interim financing as they plan for a lengthier period of time," said Germano.
Trevian Capital, a direct special-situations lender that provides flexible and reliable short-term bridge loans
for commercial real estate opportunities nationwide, said it has funded four first-mortgage bridge loans
in four states, totaling USD36,950,000 in recent weeks.
Capmark") announced that in connection with its previously reported discussions with the lenders under its senior credit facility and bridge loan
agreement regarding possible modifications of those agreements, Capmark has agreed with certain of the lenders under its $833 million bridge loan
agreement to extend the March 23, 2009 maturity date of more than 90% of the aggregate principal amount of the bridge loan
until March 24, 2009.
A $10 million bridge loan
collateralized by a multifamily building on East 64th Street on Manhattan's Upper East Side.
For the month of September, Greystone Servicing Corporation had one of its most impressive monthly bridge loan
totals, driven by closings in California, Nevada, and North Carolina, and particularly targeted in the area of skilled nursing facilities.
The company specializes in factoring, account receivables lines of credit and other innovative lending options such as bridge loans
on real estate.
have formed an exclusive lending program offering short-term bridge loans
to the commercial real estate industry.