Dallas Bridge Lenders for Commercial Real Estate
Are you seeking short-term financing secured by commercial real estate in the Dallas metro area? On this page you'll find a list of select CRE Bridge Lenders that can finance a Dallas 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 Loans in Dallas Fort Worth
Refinance Bridge Loan for 78-Acre Land Pre-Development in Dallas Fort Worth, Texas
$4,000,000
BridgeInvest, a direct CRE private lender, funded a $4,000,000 bridge loan secured by 78-acres of suburban land located in the Dallas Fort Worth metro area, TX. The collateral consists of two separate tracts that are both currently in the design and pre-development phase. The first parcel located in Garland has 35 acres and is approved for a 400-unit senior housing development. The second parcel located West of Dallas consists of 43 acres and is planned for a 322-unit build-for-rent, single-family home development. The Sponsor is a full-service real estate investment and development firm based in Dallas, with a focus on single-family and multifamily development. The Sponsor intends to use the proceeds from BridgeInvest’s loan to refinance the property’s prior debt, complete entitlements, and fund project soft costs. This CRE bridge loan was funded in September 2020.
Bridge Loan for DFW Retail Center Refinance & Renovation in Coppell, Texas
$12,300,000
BridgeInvest, a direct CRE private lender, funded a $12,325,000 senior bridge loan secured by a 110,860-square-foot neighborhood shopping center in the Dallas suburb of Coppell, TX. The loan will not only refinance the property but also provide the Sponsor with ample proceeds to complete the build-out of the anchor space and further stabilize the property through lease-up and tenant improvements of the property’s in-line spaces. The property will be anchored by a lifestyle fitness center replacing a regional grocer that recently vacated the space, creating a credit scenario that was difficult for traditional lenders to underwrite. We got comfortable with the tenant’s creditworthiness and structured the loan accordingly to meet the Borrower’s needs. We accrued a portion of the interest until maturity, providing the Borrower the flexibility to execute their business plan while also effectively managing costs. The loan also includes multiple advances to fund tenant improvements and leasing commissions as the anchor and in-line spaces are leased. The property is located in an affordable sub-market just north of the Dallas Fort Worth International Airport and right off of the I-635 expressway. The strong location will provide tenants with a strong flow of potential customers while maintaining the property’s role as a true neighborhood center. This CRE bridge loan was funded in September 2019.
BridgeInvest, a direct CRE private lender, funded a $2,200,000 1st lien position bridge loan secured by a 62,000 SF flex building in Dallas, TX. The property, built-to-suit in 1997, is owned and used by the Sponsor, a leader in the cash sorting and authentication industry. It benefits from its excellent location within the Las Colinas Business Park, with immediate proximity to DFW Airport and various key transportation arteries linking it to the greater Dallas Fort Worth Metroplex. The Sponsor sought to leverage the significant equity in the property, which it owned on an all-cash basis. They expect to use the loan proceeds to fund their working capital needs as the business expands to meet growing customer demand. Since the property was owned and used by the same company, the property produced no cash flow making it difficult for many lenders to underwrite. BridgeInvest was able to see the intrinsic value of the well-located building and offered an attractive loan to allow the Sponsor to take advantage of its market opportunity. This refinance bridge loan was funded in March 2017.