Arizona Bridge Lenders for Commercial Real Estate
Are you seeking short-term financing secured by commercial real estate in Arizona? On this page you'll find a list of select CRE Bridge Lenders that can finance a Arizona property purchase, 1031 exchange, refinance, or equity cash out in 1st lien position. We have a separate page for lenders that can fund a rehab / value-add project. The maximum loan-to-value for most CRE bridge loans is 70%, and some lenders can go up to 75% for retail and industrial properties. The max LTV is typically much lower for office, hotels, and specialty property types.Searching...
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Funded CRE Bridge Loans in Arizona
Bridge Loan for Multifamily Property Acquisition in Phoenix, Arizona
$730,000
BridgeCore Capital, a direct CRE private lending firm, funded a $730,000 non-recourse bridge loan to purchase a 16-unit multifamily property located in Phoenix, Arizona. The Borrower could not secure a conventional loan from its bank in time to close this acquisition. BridgeCore stepped in quickly to bridge the Borrower’s investment by underwriting value without an appraisal report, then conducting its site inspection and documenting the loan, which closed in 1.5 weeks. We provided 3-month yield maintenance, allowing the Borrower the time needed to finalize conventional take-out financing. BridgeCore employed its decades of experience and innovative strategies, solving the Borrower’s array of property-related challenges, and secured highly competitive loan terms to facilitate and consummate the purchase. This CRE bridge loan was funded in August 2021.