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Security National Commercial Capital
Direct Bridge Lender for Commercial Real Estate Nationwide
$500,000 - $7,000,000
5.00% - 10.00%
1.00% - 3.00%
75%
75%
6 to 36 months
Avatar Financial Group
A different kind of loan. A different kind of lender.
$500,000 - $25,000,000
8.99% - 9.99%
2.00% - 4.00%
70%
70%
0 to 24 months
Blackburne & Sons Realty Capital Corporation
Established in 1980 | 15-year Loan Term, No PrePay or Lock-out Clause
$100,000 - $3,000,000
8.90% - 11.90%
2.00% - 4.00%
75%
75%
3 to 15 months
Gelt Financial, LLC
Creative Private Financing for Commercial Real Estate since 1989
$100,000 - $10,000,000
9.50% - 13.00%
2.00% - 5.00%
65%
100%
12 to 60 months
BridgeCore Capital, Inc.
4.99% Pay Rate Loans for Commercial Real Estate Nationwide
$1,000,000 - $30,000,000
6.99% - 9.99%
1.00% - 2.00%
65%
65%
6 to 18 months
RRA Capital
Direct Bridge Lender for CRE | Non-Recourse, No Appraisals Required
$2,000,000 - $15,000,000
4.75% - 8.50%
0.50% - 2.00%
80%
85%
12 to 60 months
Completed Bridge Loan Transactions in Oklahoma
Non-Recourse Bridge Loan for Oklahoma Multifamily Refinance
$2,200,000
Transaction by Archway Capital
In August 2018, Archway Fund closed a $2.2MM refinance loan secured by a 138-unit, tax-credit, 90% occupied, apartment complex located in Warr Acres, OK. The loan-to-value was 68%. Cash flows break even due to the fact that the Subject is a Section 8 property and is 55% subsidized by OHFA. Archway was able to get comfortable with the tax-credit restrictions, build in an interest deficit reserve to cover the shortfall and close the gap until the property sells. The borrower’s note was coming due and needed an expedited close. The interest rate was 9.0% with a 12-month term. No appraisal was required, and the borrower did not have to personally guaranty the loan.
Refinance & Rehab Bridge Loan for Two Oklahoma City Multifamily Properties
$12,285,000
Transaction by Archway Capital
In March 2018, Archway Fund financed a $12.3M bridge loan secured by two multi-family properties totaling 475 units located in Oklahoma City, OK. One of the two properties is stabilized at 95% occupancy with light rehab remaining. The other property is at 65% occupancy with over $1.5M budgeted to completely renovate the property and complete lease up. Borrower's bank loans were maturing, therefore the borrower required a quick closing. Archway Fund was able to refinance the properties and provide $2.2M for rehab allowing the borrower to execute on the business plan. Exit is to sell both properties during the loan term. The interest rate is 7.99% at 70% LTV for a 24 month term.