Top 20 Commercial Bridge Lenders, Traditional Banks Private Direct Lenders.
When it comes to commercial bridge loans, there are various lenders and institutions that offer these financial products to businesses in need of short-term financing solutions. Traditional banks like Wells Fargo, JPMorgan Chase, and Bank of America are known for providing commercial bridge financing to eligible borrowers. Here is a list of the Top 20 Commercial Bridge Lenders including local banks and direct private money lenders.
Here are 20 commercial bridge lenders to consider, including both traditional banks and private lenders:
1. Wells Fargo 2. J.P. Morgan Chase 3. Bank of America 4. Citibank 5. U.S. Bank 6. PNC Bank 7. KeyBank 8. TD Bank 9. Goldman Sachs 10. Morgan Stanley 11. Blackstone 12. Rockwood Capital 13. CIM Group 14. Mack Real Estate Credit Strategies 15. Mesa West Capital 16. Apollo Global Management 17. TPG Real Estate Finance Trust 18. Benefit Street Partners 19. Starwood Property Trust 20. Ares Management These lenders offer various commercial bridge loan options for your real estate financing needs. It’s recommended to research each commercial hard money lender further to find the best fit for your specific requirements.
Traditional Banks that offer Commercial Real Estate Bridge Loans
These banks typically offer competitive rates and terms for businesses looking to bridge the gap between short-term financial needs and long-term financing solutions. Additionally, there are private loan companies that specialize in offering short-term bridge loans to businesses. These companies, such as Blackstone, BridgeInvest, and Madison Realty Capital, often provide more flexible terms and faster approval processes compared to traditional banks.
Typical Interest Rates
When considering commercial bridge loans, it’s essential to understand the typical rates and requirements associated with these loans. Rates can vary depending on the lender, the borrower’s creditworthiness, and the specific terms of the loan. Typically, interest rates for bridge loans range from 6% to 12%, with loan amounts varying based on the project and collateral provided. In terms of requirements, lenders usually look for businesses with a strong financial track record, a clear repayment plan, and sufficient collateral to secure the loan. Some lenders may also require a personal guarantee from the business owner or a down payment to mitigate risk.
Cash Out Refinancing and Rehabilitation
Commercial bridge loans can be useful for a variety of purposes, including cash out refinancing existing debt, funding property rehabilitation projects, accessing cash for business expansion, and more. Businesses looking to refinance existing loans, renovate properties, or access cash quickly can benefit from the flexibility and speed of commercial bridge financing.
For businesses seeking short-term financing options, some of the top lenders to consider include Wells Fargo, Blackstone, JPMorgan Chase, BridgeInvest, Bank of America, and Madison Realty Capital. These lenders have a strong reputation for providing reliable bridge loan products with competitive rates and terms to meet the diverse needs of businesses in various industries. If you are looking for direct California bridge loan lenders call or email MKK capital today.