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Small Balance Bridge Loan Program

Small Balance Bridge Loan Program

Direct Lender

Sheridan Capital is a leading bridge lender, providing tailored solutions. Our deep understanding of commercial real estate and ownership mentality sets us apart from the competition.The Bridge Loan Program offers loans from $1 million to $15 million throughout the United States.

Purpose:Floating-rate financing on commercial real estate
Geography:United States
Loan size:$1,000,000 to $15,000,000
Property types:Multifamily, Office, Industrial, Retail, Hospitality (other asset classes considered on a case-by-case basis)
Term:1 to 3 years, extensions negotiable
Interest rates:Pricing is based on transaction quality, location, and leverage Rates are typically 600-900 BPS above the LIBOR
LTV:Up to 75%
Minimum DSCR:0.5x (with interest reserve)
Liability:Recourse and non-recourse offered
Loan fees:Typically 1% - 2%
Prepayment:Typically a minimum of 6 - 12 month's interest
Other costs:Generally $10,000 - $25,000, plus legal