Trevian Capital funded a $16,500,000 first-mortgage bridge loan
secured by a 400,000 square foot self-storage and warehouse property in Belleville, NJ.
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.
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 funded a $22,000,000 first-mortgage bridge loan
secured by a 17,247 square foot, 5-story loft building in the Tribeca neighborhood of Manhattan.
A $10 million bridge loan
collateralized by a multifamily building on East 64th Street on Manhattan's Upper East Side.
Trevian Capital funded a $6,125,000 first-mortgage bridge loan
secured by a 7-property, 269 unit multifamily portfolio in Sherman & Denison, TX.
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.
Boesky, Pembrook Capital Management invests in and originates commercial real estate debt to finance all parts of a capital structure including first mortgages, mezzanine, bridge loans
, note financings, and preferred equity across the United States.
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.
We've created a unique niche in the entertainment industry with our short-term bridge loans
The OC test is calculated by taking the value of the bridge loan
portfolio, the cash held in reserve, and the partial guarantee provided by the Sociedad Hipotecaria Federal (SHF), divided by the outstanding note principal balance of the notes.