San Antonio Bridge Lenders for Commercial Real Estate
Are you seeking short-term financing secured by commercial real estate in the San Antonio metro area? On this page you'll find a list of select CRE Bridge Lenders that can finance a San Antonio 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 Bridge Loan Transactions in San Antonio
Bridge Loan for Commercial Land Development in San Antonio, Texas
$29,500,000
Carlyle Capital, a private money lender, funded a $29.5 million 1st lien position multi-family and single-family land development loan for a commercial property in San Antonio, Texas. This was a land servicing loan in which the developer had secured sales of parcels to various national homebuilders. The additional capital needed allowed the developer to refinance the current debt and provide funds to be used toward final engineering and permitting. The lender had strong development experience with similar projects as well as provided a solid exit strategy. The interest rate was 11.99%, LTV was 55%, and the loan term was 24 months. Carlyle Capital was able to quickly close the entire deal in a 3-week period. This CRE bridge loan was funded in August 2018.
BridgeInvest, a direct CRE private lender, funded a $11,000,000 1st lien position bridge loan secured by a 32-acre development site in San Antonio, TX. The site is currently home to the former Lone Star Brewery which the Borrower plans to redevelop into a premier mixed-use destination along the San Antonio River and just south of the city’s central business district. The project would include hundreds of apartments, a hotel, office space and retail shops that will complement the area’s culture and history. The loan allowed the Borrower to refinance his existing debt with a pending maturity and provide time to proceed with the appropriate development plan. BridgeInvest was able to close the loan within the necessary time frame despite the lack of cash-flow from the property. The loan structure allowed the Borrower to accrue a portion of the interest costs until maturity to allow for increased flexibility in executing their business plan. This refinance bridge loan was funded in February 2018.