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.
Nationwide and some International
Majority of property types including but limited to Office, Retail, Industrial, Multi-Family, Hotel, Self-Storage, Mixed-Use and Mobile Home Parks.
$500,000 to Unlimited
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.
1.0x but transaction may be financed with a DSCR below 1.0x dependent upon the transaction.
Typically 2% – 5% of Loan Amount
Amount sufficient to cover third party reports. May vary according to transaction.
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
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