I have a borrower who wants to acquire a 12-unit retail strip center in suburban Atlanta. 85% occupied, strong anchor tenant (national chain), asking $3.8M. They want to bridge while they stabilize the remaining 15% vacancy and then refi into permanent financing. Which lenders are active on retail CRE bridge and what LTV can I expect?
I have a developer who wants to acquire a 45-room boutique hotel that's been underperforming. They have a solid repositioning plan. Pre-COVID this would have been straightforward but I'm not sure where the market is now. Are CRE bridge lenders back on hospitality?
I have a client who wants to acquire a 25,000 sq ft industrial/warehouse property in a strong logistics market. $4.2M purchase, 65% LTV. The property is 70% occupied with good tenants. Looking for bridge while they lease up to 90%+ and refinance into permanent. Which lenders are active on industrial CRE bridge?
There's a lot of talk about office-to-residential conversions as a solution to both the office vacancy problem and housing shortage. I have a developer client who's looking at a 40,000 sq ft office building in a secondary market. Are there bridge lenders who will finance the acquisition and conversion? What does the underwriting look like?