Bridge Loans for Commercial Real Estate in the East Coast

Equity Multiple is a well-capitalized asset manager offering bridge loans secured by various types of commercial property in the Northeast, Mid-Atlantic and Southeast. We offer creative solutions for stabilized properties and value-add projects.

  • Loan amounts starting at $4M
  • Up to 85% loan-to-cost for value-add deals
  • Up to 75% LTV for multifamily
  • Up to 70% for most property types
  • Mezzanine / Junior Financing
  • Preferred Equity
  • Lending on many CRE Property Types
    • No owner-user properties
    • Will consider SFR portfolios with 5+ properties

Please note: We do NOT consider land or ground-up construction projects.

Property Geographic Area Details
Most states in the East Coast: CT, DC, DE, FL, GA, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VA
Loan Amounts
$4,000,000 to $20,000,000
Interest Rates
8.5% to 12.5%
Loan Terms
12 months to 36 months
Origination Fees
1% to 2%
Lien Position
1st, 2nd
Collateral Types
  • Commercial Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
Property Occupancy
  • Vacant
  • Tenant Occupied 100%

Maximum Leverage

Purchase Short-Term (no Value-Add)
Max LTP Multifamily: 75%
Max LTP Commercial: 70%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Multifamily: 75%
Max LTV 1st Lien Commercial: 70%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Multifamily: 75%
Max LTV 1st Lien Commercial: 70%
Multifamily Value-Add
Max LTP: 85%
Max LTC: 85%
Max LTARV: 70%
Commercial Value-Add
Max LTP: 85%
Max LTC: 85%
Max LTARV: 70%

Property Types

  • Car Wash
  • Commercial Condominium
  • Condominium
  • Cooperative
  • Covered Land
  • Healthcare
  • Hotel
  • Industrial
  • Mixed-Use
  • Mobile Home Park
  • Multifamily
  • Office
  • Portfolio of Residential Properties
  • Retail
  • Senior Housing
  • Storage Facility

Specialty Loan Types

  • 2nd Mortgage Equity Cash Out
  • Debtor in Possession
  • Foreclosure Bailout
  • Note Purchase
  • Partner Buyout
  • Reverse 1031 Exchange

Junior Lien Loan Amounts

$4,000,000 to $15,000,000

Junior Lien Interest Rates

12% to 16%

Junior Lien Loan-to-Value

85%

Junior Lien Loan-to-Cost

85%

Junior Lien Origination Fees

1% to 3%

We Fund Junior Position Loans

Often

Junior Lien Types

  • Purchase
  • Refinance
  • Equity Cash Out
  • Mezzanine
  • Preferred Equity
Borrowers/sponsors have to contribute at least 15% cash for the purchase of a value-add project and 30% for stabilized properties.

Max Loan-to-Purchase Price

85%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Seller Financing
  • Crowdfunding
  • Family

Deposit Required

Upon executing the term sheet, we require a deposit which is typically 1% of the loan amount, but the amount may vary depending on the deal. The deposit includes the site visit, underwriting and third party costs. We will apply the balance at closing.

Fees which are mandatory for all new borrower clients

  • Deposit

Fees which are paid to a third party company

  • Deposit

Details and Requirements

Typical Closing Time (Days)

30

Fastest Closing Time (Days)

21

Payment Structure
  • Interest Only
Pre Payment Penalty

yes

Standard is 4 months for most deals, but it's negotiable.
Will lend to a foreign national

yes

Must have existing assets in the United States
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
  • LLC
  • Limited Partnership
  • Corporation
Documentation Required
  • Credit Report
  • Tax Returns
  • Bank Statements
  • Financial Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Never
Credit Check Required

yes

Credit Check Description

No minimum credit score requirement, but we do check credit

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

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Equity Multiple pays us to be listed, so there is no fee to connect with them directly.

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Company Size (Number of Employees)

50

Year Established

2014

Office Locations

EMIP
91 Fifth Avenue, New York, New York 10003

Primary Capital Source
  • Debt Fund We Manage
  • Individual Investors
  • Family Offices
  • Crowdfunding
Alternative Capital Sources
  • Own Funds
Loan Structure for Majority of Loans
  • Own Balance Sheet
Percentage of Loans Secured by Commercial Property

100%

Total Number of Loans Funded to Date

25

Total Loan Volume Funded to Date

$249,999,999

Our Team

Peter Paladino

Director, Credit Investments

Contact Equity Multiple

Equity Multiple pays us to be listed, so there is no fee to connect with them directly.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$4,000,000

What We Do

  • Commercial Real Estate Bridge Loans
  • LTC up to 85% for Rehab Projects
  • Non-Owner Occupied Properties
  • Mezzanine and Preferred Equity

Not Available

  • NO Owner-User Properties
  • NO Land
  • NO Development Projects
  • NO Ground-Up Construction
  • NO 100% Financing

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