Orlando Bridge Lenders for Commercial Real Estate
Are you seeking short-term financing secured by commercial real estate in the Orlando metro area? On this page you'll find a list of select CRE Bridge Lenders that can finance an Orlando 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...
Sorry, your search returned no results.
Completed Bridge Loan Transactions in Orlando
Refinance Bridge Loan for Development Site in Downtown Orlando, Florida
$4,500,000
LV Lending, a direct private lending firm in South Florida, funded a $4,500,000 1st lien position bridge loan secured by a 0.9-acre vacant site in Downtown Orlando, FL. The property was acquired in 2005 for approximately $2,460,000. The Borrower, a Canadian-based developer, received preliminary site plan approval to develop a 28-story mixed-use building with 360 residential units, a 150-key hotel, a five-story parking garage, and 14,239 square feet of ground-floor retail space. All approvals are expected to be secured by the end of 2020 with groundbreaking slated for Q4 2021. Our bridge loan will likely be paid off with a large construction loan when the project is ready to go vertical. The Borrower has been involved in all facets of commercial real estate including the acquisition, rehabilitation, development, and disposition of properties. Its North American developments and holdings are valued at approximately $350 million. The firm is headquartered in Toronto but maintains U.S. offices in Orlando and Daytona Beach. This CRE bridge loan was funded in August 2020.
Bridge Loan for Former Hotel Converted to Apartments in Orlando, Florida
$7,000,000
BridgeInvest, a direct CRE private lender, funded a $7,000,000 1st lien position bridge loan secured by a 185-unit multifamily complex in Orlando, FL. The loan allowed the Sponsor to cash out a portion of the equity created and invest in new opportunities, despite the fact that the property remains in lease-up. The property used to be a hotel, was recently gut-renovated by the owner after years of vacancy. The property benefits from a convenient location off of the FL Turnpike in the rapidly expanding Kissimmee submarket of Orlando. The loan was structured to include an initial advance of $5.5 MM followed by three future advances (‘earn-outs’) as certain occupancy hurdles are reached. These earn-outs will benefit the borrower with immediate equity recapture as they add value through lease-up. This CRE bridge loan was funded in July 2017.