Indiana Bridge Lenders for Commercial Real Estate
Are you seeking short-term financing secured by commercial real estate in Indiana? On this page you'll find a list of select CRE Bridge Lenders that can finance an Indiana 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 CRE Bridge Loan Transactions in Indiana
Refinance Bridge Loan for Flagged Hotel in Portage, Indiana
$4,600,000
Avatar, a direct bridge lender, funded a $4.6MM bridge loan secured by a 100-room flagged hotel in Portage, IN – an industrial city very close to Chicago. We had a longstanding relationship with the Sponsor, having previously provided acquisition financing to them in 2012. The loan was paid as agreed upon and refinanced with conventional debt. Amidst the huge reduction in hotel reservations amidst the COVID-19 Pandemic, their conventional loan was placed in special servicing. Avatar stepped in and provided a short-term loan, allowing the Borrower to refinance the debt, stabilize the property and perform renovations. The loan-to-value was 65% at initial funding and 58% fully funded as stabilized. The Sponsor plans to refinance again once the property is stabilized within the 2-year loan term. This bridge loan was funded in June 2021.