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Bridge Financing

WCG provides bridge financing collateralized by a senior lien on the underlying real estate. Loans range from $500,000 to $100 million plus and are typically for a term of 1 to 5 years. WCG’s bridge programs are very flexible and can be used for numerous transactional goals including value add or quick close transactions.

Program Parameters

Eligible Locations:
Nationwide and some International

Property Types:
Majority of property types including but limited to Office, Retail, Industrial, Multi-Family, Hotel, Self-Storage, Mixed-Use and Mobile Home Parks.

Loan Amount:
$500,000 to Unlimited

Loan Term:
Up to 5 year term.

Typically Interest Only but may vary dependent upon transaction.

Loan to Value/Cost:
Up to 75% of Appraised Value or Cost.

Minimum DSCR:
1.0x but transaction may be financed with a DSCR below 1.0x dependent upon the transaction.

Origination Fee:
Typically 2% – 5% of Loan Amount

Expense Deposit:
Amount sufficient to cover third party reports.  May vary according to transaction.

Transaction Specific

Both recourse and non-recourse options available.  Non-recourse transactions will potentially include the exception of industry standard “bad boy” carve outs.

Permitted subject to approval and an assumption fee

Determined on a case-by-case basis

Typical Uses:
Acquire underperforming or value-added properties, Acquisition/Rehab of existing properties, Note purchases secured by eligible property types, Partnership buyout / equity recapitalization, Pre-Development, Construction, Recapitalization, Refinancing, Liquidity Management, Asset/Liability Management, Gap Financing