Houston Bridge Lenders for Commercial Real Estate
Are you seeking short-term financing secured by commercial real estate in the Houston metro area? On this page you'll find a list of select CRE Bridge Lenders that can finance a Houston 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 Houston
Refinance Bridge Loan for Multifamily Portfolio in Houston, Texas
$33,500,000
Ontario Wealth Management Corporation, a direct commercial real estate lender, funded a $33,500,000 1st lien position bridge loan secured by a multifamily property in Houston, TX. The property value was estimated at $66,000,000 so our loan-to-value was 51%. This loan refinanced a portfolio of 983 garden-style multifamily units in Pasadena, TX, a city 15 miles east of Houston. The properties are undergoing extensive CAPEX and, upon completion and stabilization, are positioned to realize a significant upside in rental income. The immediate area is concentrated with multinational oil refineries and blue-collar workforce housing. The Sponsor, a repeat client of our firm, is a seasoned Houston-based real estate investment and management firm whose strategy involves targeting value-add multifamily acquisitions within the Greater Houston metro area. The Borrower plans to refinance with a conventional loan as an exit strategy. The loan term was set at 6 months. This refinance bridge loan was funded in January 2022.
Refinance Bridge Loan for Multifamily Portfolio in Houston, Texas
$33,500,000
Ontario Wealth Management Corporation, a direct commercial real estate lender, funded a $33,500,000 1st lien position bridge loan secured by a multifamily property in Houston, TX. The property value was estimated at $66,000,000 so our loan-to-value was 51%. This loan refinanced a portfolio of 983 garden-style multifamily units in Pasadena, TX, a city 15 miles east of Houston. The properties are undergoing extensive CAPEX and, upon completion and stabilization, are positioned to realize a significant upside in rental income. The immediate area is concentrated with multinational oil refineries and blue-collar workforce housing. The Sponsor, a repeat client of our firm, is a seasoned Houston-based real estate investment and management firm whose strategy involves targeting value-add multifamily acquisitions within the Greater Houston metro area. The Borrower plans to refinance with a conventional loan as an exit strategy. The loan term was set at 6 months. This refinance bridge loan was funded in January 2022.
Bridge Loan for 600-Unit Multifamily Rehab Project in Houston, Texas
$14,000,000
BridgeInvest, a direct CRE private lender, funded a $14,000,000 1st lien position bridge loan secured by a 600-unit apartment community in Houston, Texas. The loan proceeds will fund the refinance of existing debt and a significant capital improvement plan. At closing, the property was 35% occupied with the remaining units in un-rentable condition. Despite the property’s poor physical condition, the asset presented the owner with an opportunity to capitalize on the strong apartment fundamentals in the surrounding area. The loan was structured to include an initial advance which would allow the Borrower to complete a significant portion of their plan immediately. The loan also included additional funds in the event the project costs exceeded the budget. Due to a complex history, ownership had limited cash equity in the project. BridgeInvest was able to accommodate a high loan-to-cost on the entire project, with the Borrower contributing $2.15 MM of equity to execute on their business plan. Considering the property’s poor condition, the capital improvement plan makes up approximately one-third of the loan proceeds, making the loan difficult for traditional lenders to underwrite. However, BridgeInvest understood the Borrower’s business plan, which should result in a “like-new” product and allow the property to stabilize. This CRE bridge loan was funded in March 2018.