Maryland Bridge Lenders for Commercial Real Estate
Are you seeking short-term financing secured by commercial real estate in Maryland? On this page you'll find a list of select CRE Bridge Lenders that can finance a Maryland 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 Maryland
Gelt Financial, a direct CRE lender, funded a $458,000 1st lien position purchase bridge loan for the acquisition of a multi-story daycare & residential home in Temple Hills, Maryland. We funded 64% of the $725,000 purchase price, while the Borrower contributed 36% cash at closing. The daycare was purchased as a turn-key business with equipment sold separately. There was an adjacent 3-bedroom brick home included in the purchase. The Borrower had good credit. Their extensive background in real estate gave them additional credibility. The property is approximately 5,360 square feet set in a 21,344-square-foot lot with lots of parking for the business. It was built in 1955 and was in good condition. The Borrower plans to lease up vacant units and eventually refinance as an exit strategy. The interest rate was 12.50% floating and we charged 3% origination points. The loan term was set at 24 months. This CRE purchase bridge loan was funded in March 2023.