Direct Bridge Lender for Commercial Real Estate Nationwide

Columbia Pacific is a direct private bridge lender based in Seattle, WA. Our lending strategy was established to provide short to intermediate term financing on any type of commercial real estate nationwide. Our loans are typically between $5-$50 million with terms as short as 12 months. With an experienced well-rounded team comprised of industry professionals with a broad range of experience, we are well positioned to better understand the complexity of the lending processes and to close deals quickly without compromising underwriting standards.

Please note: we do not consider land development or ground-up construction loans.

Property Geographic Area Details

Nationwide - all 50 states

Loan Amounts

$5,000,000 to $50,000,000

Interest Rates

9% to 12%

Max Loan-To-Value

75.00%

Max Loan-To-Cost

75.00%

Origination Fees

1% to 4%

Loan Terms

12 months to 48 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Value Add Project

Property Occupancy

  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial

Property Types and Loan Types

Collateral Types

  • Commercial Property

Property Types

  • Commercial Condominium
  • Industrial
  • Mobile Home Park
  • Multifamily
  • Office
  • Retail
  • Senior Housing

Loan Types

  • Commercial Bridge
  • Commercial Property Value Add

Specialty Loan Types

  • Note Purchase
  • Reverse 1031 Exchange
  • Partner Buyout
  • Discounted Note Payoff

Purchase Loan

Max Loan-To-Purchase Price

75.00%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Another Investment Property

Rehab Value Add Loan

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

5

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

75.00%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

7

Details and Requirements

Typical Closing Time (Days)

15

Fastest Closing Time (Days)

7

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only

Pre Payment Penalty

yes

Will lend to a foreign national

no

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Collateralizing Multiple Properties in One Loan

no

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • LLC
  • Limited Partnership
  • Trust
  • Corporation

Documentation Required

  • Financial Statements
  • Loan Application

Personal Guaranty (Recourse) Required

Sometimes

Credit Check Required

yes

Appraisal Required for Commercial Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Fees

Deposit Required

$20,000.00 to $50,000.00

Borrower shall make a deposit of no less than $20,000 to cover lender legal and travel. Any remaining due diligence deposit will be credited to the Borrower at closing.

Fees which are mandatory for all new borrower clients

  • Deposit

Fees which are charged upfront prior to loan closing

  • Deposit

Fees which are paid to a third party company

  • Appraisal Fee
  • Environmental Report Fee
  • Renovation or Construction Funds Draw Fee

Additional Details

Upon acceptance of the term sheet, Borrower will be liable for all out-of-pocket third party expenses (including but not limited to site visit, environmental, property condition report, ALTA survey, appraisal, travel and legal fees).

Columbia Pacific Advisors, LLC, founded in 2006, manages over $1 Billion of assets across a range of real estate, opportunistic, direct lending and hedged strategies. Our principals and professionals are personally invested alongside our limited partners, and we strive to generate compelling risk-adjusted returns on a consistent basis for our investors. Columbia Pacific Advisors, LLC is a SEC registered investment adviser and headquartered in Seattle, Washington. Our talented, experienced investment professionals are supported by a robust operational infrastructure carefully structured for our strategies. We are highly opportunistic in our approach and embrace the entrepreneurial spirit of our founders. We generate and actively seek unique and compelling investment ideas, perform deep fundamental research, and creatively structure transactions and portfolios to balance risk and return.

Our History
Columbia Pacific Management was founded over twenty-five years ago as Daniel R. Baty’s private family investment firm. In 2006, the Baty Family joined with Alex Washburn, an experienced investment manager, to launch Columbia Pacific Advisors (“CPA”), an alternative investment platform. Today, CPA manages investments across multiple strategies, leveraging our robust network, access to deal flow, and expertise in asset valuation to deliver returns to an institutional-caliber investor base. Columbia Pacific Advisors provides advisory services primarily to pooled investment vehicles whose limited partners may include family offices, institutions, and high net worth individuals.

Year Established

2006

Office Locations

1910 Fairview Ave E. Suite 200, Seattle, Washington 98102

Percentage of company’s lending business focused on private mortgage

100%

Company’s Other Business Activities Besides Private Mortgage Lending

  • Commercial Real Estate Investing

Percentage of Loans Secured by Commercial Property

99%

Will Nelson

Will Nelson joined Columbia Pacific Advisors in 2015 to assist with loan production and asset strategy for our Real Estate Lending strategy. Previously he managed the real estate portfolio for Legacy Companies. Will participated in the acquisition, disposition, leasing, project management, entitlement work and property management of approximately 1.5 million square feet of real estate assets in the United States and Canada. Will graduated from Loyola Marymount University’s business program with an emphasis in Marketing and Management. He earned his MBA from the University of Washington.

Billy Meyer

Billy Meyer joined Columbia Pacific Advisors in 2011 to assist in growing & managing the Real Estate Lending strategy. In his role, Billy is primarily responsible for the business development team and structuring and originating loans. Previously, Mr. Meyer was an investments sales broker with the Tax Credit Group of Marcus & Millichap focused on selling affordable housing apartments through the country. Later, Mr. Meyer joined Holland Partners and represented the equity for acquisitions of value-add apartments in the Northwest. Throughout his tenure, Mr. Meyer participated in the sale or acquisition of over 7,000 units across the country. Mr. Meyer played collegiate golf and graduated from Western Washington University with a degree in Business Administration. Billy is also Chairman of the annual Montlake Club golf tournament, a member of the Next Generation real estate group in Seattle and volunteers for the Seattle Brain Cancer Walk.

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

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(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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how will the loan be paid off?

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