Missouri Bridge Lenders for Commercial Real Estate
Are you seeking short-term financing secured by commercial real estate in Missouri? On this page you'll find a list of select CRE Bridge Lenders that can finance a Missouri 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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Completed CRE Bridge Loan Transactions in Missouri
Refinance Bridge Loan for Retail Property in Gladstone, Missouri
$3,400,000
Archway Fund, a direct CRE private mortgage lender, provided a $3,400,000 1st lien position non-recourse bridge loan secured by a strip retail center in Gladstone, MO. The Sponsor’s loan had matured, and they required more funds in order to make improvements and complete the lease-up of the property. At the time of funding, the occupancy rate was 55%. Archway was able to get comfortable with the vacancies by building an $800,000 interest reserve into the loan and a renovation budget for future tenant improvements as leases are signed. The exit strategy is to refinance once the property is stabilized. The loan term was set at 18 months with extension options. The interest rate was fixed at 9%. We charged an origination fee of 1.75 points. The LTV was 60%. As with almost all of our deals, the Sponsor did not have to personally guarantee the loan. This bridge loan was funded in December 2019.