Creative Bridge Loans for Real Estate Investors

Crosby Capital USA is a unique and creative direct lender for short-term bridge loans in Florida and the New York City metro area. Our maximum LTV is a conservative 60%, but can fund loans that most other lenders shy away from.

  • Multifamily and Residential Investment Properties
  • Luxury Homes & Condos
  • 2nd Mortgages up to 60% LTV
  • Foreclosure Bailout
  • Borrowers in Bankruptcy
  • Borrowers with Poor Credit
  • Foreign Nationals

Please note: We do NOT consider owner-occupied homes or ground-up construction loans. We offer short-term bridge loans to purchase or refinance an investment property.

Property Geographic Area Details
Florida and New York metro area
Loan Amounts
$200,000 to $50,000,000
Interest Rates
11% to 14%
Loan Terms
2 months to 12 months
Origination Fees
1% to 3%
Lien Position
1st, 2nd
Collateral Types
  • Residential Property
  • Commercial Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Residential

Maximum Leverage

Purchase Short-Term (no Value-Add):
Max LTP Residential: 60%
Max LTP Multifamily: 60%
Max LTP Land: 50%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 60%
Max CLTV 2nd Lien Residential: 60%
Max LTV 1st Lien Multifamily: 60%
Max LTV 1st Lien Land: 50%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Residential: 60%
Max CLTV 2nd Lien Residential: 60%
Max LTV 1st Lien Multifamily: 60%
Max LTV 1st Lien Land: 50%

Property Types

  • 2-4 Units Residential
  • Condominium
  • Mixed-Use
  • Multifamily
  • Residential Land
  • Retail
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Commercial Bridge
  • Commercial Property Value Add

Specialty Loan Types

  • 2nd Mortgage Equity Cash Out
  • Bankruptcy Resolution
  • Condo Conversion
  • Discounted Note Payoff
  • Foreclosure Bailout
  • Luxury Homes
  • Note Purchase
  • Partner Buyout
  • Primary Residence Business Purpose Cash Out
  • Residential Short-Term Rental
  • Reverse 1031 Exchange
  • Vacation Rental

Junior Lien Loan Amounts

$200,000 to $5,000,000

Junior Lien Interest Rates

15% to 25%

Junior Lien Loan-to-Value

60%

Junior Lien Loan-to-Cost

60%

Junior Lien Origination Fees

4% to 10%

We Fund Junior Position Loans

Rarely

Junior Lien Types

  • Purchase
  • Refinance
  • Equity Cash Out
For senior bridge loans, we can cross collateralize in 2nd lien position with another investment property if needed.
We only fund up to 60% of the purchase price. Borrower must have a 40% cash down payment.

Max Loan-to-Purchase Price

60%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Another Investment Property
  • Family

Deposit Required

Deposit is used to pay for third party expenses to close the loan, and the unused balance is always applied to closing costs. The amount $3,000 to $10,000 depending on the deal size and other factors.

Fees which are mandatory for all new borrower clients

  • Deposit

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

3

Payment Structure
  • Interest Only
  • Interest Reserve
Pre Payment Penalty

yes

Minimum 4 months of interest payments
Will lend to a foreign national

yes

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

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Non-Profit Corporation
Personal Guaranty (Recourse) Required
Always
Credit Check Required

no

Appraisal Required for Residential Property

Always

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Broker Price Opinion (BPO) Accepted for Commercial Property

Get In Touch

Crosby Capital USA pays us to be listed, so there is no fee to connect with them directly. Share your loan request, send a simple email, call, or visit their website.
Contact COMPANY

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
SUBSCRIBE
subscribe-illustration

Crosby Capital USA is a diversified real estate investment firm which focuses on sourcing and managing real estate and related equity, debt and hybrid investments.

We take a value oriented approach to our investment activities, with an emphasis on opportunities to acquire or capitalize assets or enterprises which are undervalued, overlooked, complex or mispriced.

Company Size (Number of Employees)

35

Year Established

2012

Office Locations

1688 Meridian Avenue, 6th Floor, Miami Beach, Florida 33139

Primary Capital Source
  • Own Funds
  • Individual Investors
  • Family Offices
  • Bank Credit Line
  • Private Equity Funds
  • Friends & Family
Loan Structure for Majority of Loans
  • Own Balance Sheet
  • One Investor One Loan
Percentage of Loans Secured by Commercial Property

30%

Percentage of Loans Secured by Residential Property

70%

Get In Touch

Crosby Capital USA pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.
Contact COMPANY

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
SUBSCRIBE
subscribe-illustration

Contact This Lender

Visit Website Send Email

Create a Loan Request

Be more efficient with your lender search. Provide the loan details once, save it, and then share it with multiple lenders.

Create a Loan Request

Contact Crosby Capital USA by whichever method you choose.

If you submit a loan request or email, it will be sent to the lender, and they will reply to you directly. A copy will be saved in our database. We will not share your information unless you ask us for recommendations.

BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$200,000

What We Do

  • Purchase & Refi Bridge Loans up to 60% LTV
  • Residential & Multifamily Properties
  • Luxury Homes and Condos
  • Hairy Deals That Most Lenders Cannot Fund

Not Available

  • NO 100% Financing (or anything above 60%)
  • NO Construction or Development Loans
  • NO Commercial Property Except Multifamily
  • NO Owner-Occupied Homes

Send an email to Crosby Capital USA